An Investment Company Will Be Treated as a "Regulated Investment

question 14

Multiple Choice

An investment company will be treated as a "regulated investment company" by the Internal Revenue Service provided that it:
I. invests almost all its assets in bonds, stocks, and other securities.
II. invests solely in U.S. securities.
III. does not invest more than two percent of its assets in any one security.
IV. passes all its realized investment income through to its shareholders.

• A)I and III only
• B)I and IV only
• C)II and III only
• D)I, II, and IV only
• E)I, III, and IV only

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Definitions:

Corroboration

Confirmation or support of a statement, theory, or finding, often with additional evidence or testimony.

Comparable Worth

A principle stating that jobs of equal value to an organization should receive equal pay, even if they are quite different in nature.

United States

A country located in North America, comprised of 50 states, a federal district, five major self-governing territories, and various possessions.

Nations

Large groups of people united by common descent, history, culture, or language, inhabiting a particular country or territory.