Which of the Following Is Not a Requirement for the Application

question 26

Multiple Choice

Which of the following is not a requirement for the application of the exemption involving intrastate issues?

• A)Issuers must plan to use at least 80 percent of the profits within the state.
• B)Issuers must do at least 80 percent of their business within the state.
• C)Issuers must conduct at least 80 percent of advertising in the state.
• D)Issuers must have at least 80 percent of their assets within the state.
• E)Issuers must have their main offices in the state.