Fresh Fruit Company Has Assets of Less Than $10 Million

question 12

Multiple Choice

Fresh Fruit Company has assets of less than $10 million and fewer than fifty shareholders. Gourmand Pastries Inc. has assets of more than $50 million and more than five hundred shareholders. The Securities Exchange Act of 1934 applies to

• A)Fresh Fruit and Gourmand Pastries.
• B)Fresh Fruit only.
• C)Gourmand Pastries only.
• D)neither Fresh Fruit nor Gourmand Pastries.