Which exemption to registration requirements exempts offerings of less than $5 million to no more than 35 nonaccredited purchasers over a 12-month period?
A) Rule 504 exemption
B) Rule 505 exemption
C)Rule 506 exemption?
D) Rule 507 exemption
B
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The following adjusted trial balance is for Wayne Company as of December 31, Year 1:
 Required:Using this information:a) Record the closing entries in journal entry format.b) Prepare an income statementc) Prepare a balance sheet
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List and define the five classifications of governmental funds.
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