Which of the following is not a requirement for the application of the exemption involving intrastate issues?

Question

Quizplus · Accepted Answer

A)Issuers of intrastate securities must do at least 80 percent of their business within
the state,receive at least 80 percent of their profits within the state,have at least 80 percent of their assets within the state,plan to use at least 80 percent of the profits within the state,and have their main offices in the state.
B)Issuers of intrastate securities must do at least 80 percent of their business within the state,receive at least 80 percent of their profits within the state,have at least 80 percent of their assets within the state,plan to use at least 80 percent of the profits within the state,and have their main offices in the state.
C)Issuers of intrastate securities must do at least 80 percent of their business within the state,receive at least 80 percent of their profits within the state,have at least 80 percent of their assets within the state,plan to use at least 80 percent of the profits within the state,and have their main offices in the state.
D)Issuers of intrastate securities must do at least 80 percent of their business within the state,receive at least 80 percent of their profits within the state,have at least 80 percent of their assets within the state,plan to use at least 80 percent of the profits within the state,and have their main offices in the state.
E)Issuers of intrastate securities must do at least 80 percent of their business within the state,receive at least 80 percent of their profits within the state,have at least 80 percent of their assets within the state,plan to use at least 80 percent of the profits within the state,and have their main offices in the state.

Which of the Following Is Not a Requirement for the Application