The Bubba Corporation is offering stock to the public for the first time. The registration statement lists 150,000 shares for sale at $400 per share. The company conducts business in a 100-mile radius that includes towns in two neighboring states. Which of the following information is not required in the preliminary prospectus for this offering?
A) a notice in red ink to the effect that the prospectus has not been approved by the SEC
B) a section describing how the funds from the sale will be used
C) a statement of the company's assets and liabilities
D) the price at which the issue is offered
Correct Answer:
Verified
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