Which Type of Equity-Based Crowdfunding Will,with SEC Approval,allow Unaccredited Investors

question 106

Multiple Choice

Which type of equity-based crowdfunding will,with SEC approval,allow unaccredited investors to invest?

• A)Type 1
• B)Type 2
• C)Type 3
• D)Soliciting investments from unaccredited investors is never allowed in crowdfunding.

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Definitions:

Treasury Bills

Short-term government securities issued at a discount from the face value and mature in a year or less, offering a secure, low-risk investment option.

Petty Cash Fund

A little bit of readily available money intended for covering small costs.

General Journal Entry

A record in the general journal that documents financial transactions, including date, accounts affected, amounts, and description.

Transportation-In

Costs associated with bringing inventory to its current location and condition, typically considered part of inventory costs.