Which of these factors is NOT necessary for an existing company to qualify as an Emerging Growth Company (EGC) to conduct an IPO?

A. the company must have less than $1.07 billion in annual revenue
B. the company must have fewer than 100 shareholders
C. the company must have issued no more than $1 billion in debt
D. the company must have less than $700 million in stock outstanding after an IPO


Answer: B

Business

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Late majority customers are tolerant of products or services being offered as only one or two

variants. Indicate whether the statement is true or false

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An accountant is uncertain about the best estimate of an amount for a business transaction. If there are two possible amounts that could be recorded, the amount least likely to overstate assets and earnings is selected. Which of the following qualities is characterized by this action?

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Answer the following statement true (T) or false (F)

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