Fresh Fruit Company has assets of less than $10 million and fewer than fifty shareholders. Gourmand Pastries, Inc., has assets of more than $50 mil-lion and more than five hundred shareholders. The Securities Exchange Act of 1934 applies to

Question

Quizplus · Accepted Answer

The Securities Exchange Act of 1934 primarily applies to companies with more than $10 million in assets and more than 500 shareholders, like Gourmand Pastries.

Fresh Fruit Company Has Assets of Less Than $10 Million