Which of the following securities offerings is not exempt from registration prior to their sale?...
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Accounting
Which of the following securities offerings is not exempt from registration prior to their sale?
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A. offerings of more than $5 million.
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B. securities issued by governments.
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C. securities issued by banks.
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D. securities issued by savings and loan associations.
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E. offerings of no more than $1 million made to any number of investors within a 12-month period.
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