Question
Sister Company wants to make an offering of securities exempt from registration under Rule 504 of the Securities Act of 1933. Which of the following
Sister Company wants to make an offering of securities exempt from registration under Rule 504 of the Securities Act of 1933. Which of the following is a requirement of Rule 504?
| A | Sister must be a nonpublic issuer under the Securities Exchange Act. | |
| B | Sister may sell to no more than 35 unaccredited purchasers. | |
| C | Sister must sell only to investors who are able to protect themselves by making informed investment decisions. | |
| D | Sister may not make any general solicitations of investors. |
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
