Delta Corporation is a noninvestment company that wants to is?sue stock of $3 million in a twelve-month period. Delta, with less than $20 mil?lion in annual sales, qualifies as a small business issuer. Before Delta sells the stock, it must provide investors with

Question

Quizplus · Accepted Answer

As a small business issuer, Delta Corporation is required to provide investors with an offering circular before selling the stock. An offering circular contains information about the company, the offering, and the risks involved in investing in the securities being offered. Thus, choice A is the best answer.

Delta Corporation Is a Noninvestment Company That Wants to Is?sue