If a Company Has Assets of Over $10 Million but Trades

question 48

Multiple Choice

If a company has assets of over $10 million but trades its stock over the counter, it is nevertheless required to comply with the 1934 Act if it has:

• A) 500 or more shareholders.
• B) one class of stock with 500 or more shareholders.
• C) 500 or more shares of stock outstanding.
• D) 500 different investors.

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Definitions:

Ecosystem

A community of living organisms interacting with each other and their physical environment.

Vulnerable

A state of being open to harm, damage, or illness, either physically, emotionally, or environmentally.

Invader Species

Organisms introduced to a new habitat where they proliferate and can outcompete native species, also known as invasive species.