The SEC Has Defined the Intrastate Offering Exemption More Precisely

question 81

Multiple Choice

The SEC has defined the intrastate offering exemption more precisely in Rule 147.According to this rule:

• A)intrastate resale of such securities is permitted for nine months.
• B)interstate resale of such securities is permitted for nine months.
• C)intrastate resale of such securities is permitted for twelve months.
• D)interstate resale of such securities is permitted for twelve months.

Understand the components and structure of the accounting equation.

Comprehend the purpose and components of a statement of financial position.

Calculate the changes in total assets given changes in liabilities and shareholders' equity.

Understand the composition of shareholders' equity.

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