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Instant Retail Company Has Assets of Less Than $10 Million

Question 42

Multiple Choice

Instant Retail Company has assets of less than $10 million and fewer than five hun?dred shareholders. Jiffy Outlets, Inc., has assets of more than $10 mil?lion and more than five hundred shareholders. The Securities Exchange Act of 1934 applies to


A) Instant Retail and Jiffy Outlets.
B) Instant Retail only.
C) Jiffy Outlets only.
D) neither Instant Retail nor Jiffy Outlets.

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