To Qualify for a Rule 147 Intrastate Public Stock Offering,a

question 74

Multiple Choice

To qualify for a Rule 147 Intrastate public stock offering,a company must:

• A)be a limited partnership.
• B)file an SB-1 with the SEC 60 days before the offering.
• C)derive 60% of its revenues in the state in which it makes this offering.
• D)use 80% of the offering proceeds for business in the state in which it makes this offering.

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Definitions:

Big Screen Television

A large television set, typically measuring over 55 inches diagonally, offering enhanced viewing experience for movies, sports, and other entertainment.

Intermodal Transportation

The use of multiple modes of transportation, such as trucks, ships, and trains, to move goods from origin to destination efficiently.

State Lines

Geographic boundaries that define the jurisdictional limits of a state within a country, affecting laws and regulations.

Warehousing Activities

Operations involved in storing goods in a warehouse, including inventory management, picking, packing, and shipping.