Which of the Following Is Not a Requirement for the Application

Multiple Choice

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

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