Which of the Following Is False Regarding the Intrastate Offerings

Which of the following is false regarding the intrastate offerings exemption?

A) The issuer must be a resident of the state for which the exemption is claimed.
B) The purchasers of the securities may be residents of any state.
C) There is no limit on the dollar amount of capital that can be raised pursuant to an intrastate offering exemption.
D) The issuer must be doing business in the state for which the exemption is claimed.
E) Eighty percent of the issuer's assets must be located in the state for which the exemption is claimed.