One of the benefits for qualifying as an Emerging Growth Company (EGC) is ________.
A. an EGC may submit a draft registration statement with the SEC for review by SEC staff who immediately publish it on the public SEC website
B. an EGC may communicate with institutional accredited investors to test the waters to see if there is enough interest in its IPO before going forward with it
C. an EGC needs to provide only three years of audited financial statements when filing an IPO registration to issue securities
D. qualification allows EGCs to file for registration of securities using the same process and making the same disclosure of financial information as would a non-EGC IPO
Answer: B
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