Which of the Following Is True of Small Offering Exemptions

question 33

Multiple Choice

Which of the following is true of small offering exemptions?

• A)Securities coming under this exemption cannot be advertised to the public.
• B)Securities coming under this exemption can only be sold to accredited investors.
• C)Securities coming under this exemption can only be bought by nonaccredited investors.
• D)Securities coming under this exemption have no resale restrictions imposed on them.

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Definitions:

Period's Expenses

Costs incurred by a business during a specific period of time, such as a month or year, in the course of its operations.

Period End Liabilities

Period end liabilities are the obligations a company must pay at the end of an accounting period.

Period's Assets

Assets that are expected to be utilized or converted into cash within the timeframe of a single fiscal period.

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life to account for its decrease in value over time.