Answered step by step
Verified Expert Solution
Question
1 Approved Answer
AA Administrative Services Pty Ltd provides administrative services in Perth. It has 20 shareholders and 109 full time employees. The company balance shect is shown
AA Administrative Services Pty Ltd provides administrative services in Perth. It has 20 shareholders and 109 full time employees. The company balance shect is shown below. Its revenue for the year ended 30 June 2019 was $46 million. (i) Is AA Administrative Services Pty Ltd a disclosing entity? Explain why or why not. (2 marks) Use the table below for your answer to question 5 part (i). Expand the table as needed. (ii) Is AA Administrative Services Pty Ltd a reporting entity? Explain your reasoning (2 marks) Use the table below for your answer to question 5 part (ii). Expand the table as needed. (iii)Does AA Administrative Services Pty Ltd need to be audited? Explain why or why not, (5 marks) Use the table betow for your answer to question 5 part (iii), Expand the table as needed. (iv) Briefly explain why a private company may prefer to be classified as small? (4 marks) Use the table below for your answer to question 5 part (iv). Fxpand the table as needed. AA Administrative Services Pty Ltd provides administrative services in Perth. It has 20 shareholders and 109 full time employees. The company balance shect is shown below. Its revenue for the year ended 30 June 2019 was $46 million. (i) Is AA Administrative Services Pty Ltd a disclosing entity? Explain why or why not. (2 marks) Use the table below for your answer to question 5 part (i). Expand the table as needed. (ii) Is AA Administrative Services Pty Ltd a reporting entity? Explain your reasoning (2 marks) Use the table below for your answer to question 5 part (ii). Expand the table as needed. (iii)Does AA Administrative Services Pty Ltd need to be audited? Explain why or why not, (5 marks) Use the table betow for your answer to question 5 part (iii), Expand the table as needed. (iv) Briefly explain why a private company may prefer to be classified as small? (4 marks) Use the table below for your answer to question 5 part (iv). Fxpand the table as needed
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started