Which of the following must occur in order for the exemption involving intrastate issues to apply?

Question

Quizplus · Accepted Answer

In order to qualify for the intrastate exemption,issuers 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 Must Occur in Order for the Exemption