Series 7 - General Securities Representative Exam

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Which of the following may be considered an accredited investor?

Jennifer, with an annual income of $400,000 on a joint basis for the past 2 consecutive years & XYZ, a charitable organization, has assets of $7,000,000
A
Jennifer, with an annual income of $400,000 on a joint basis for the past 2 consecutive years, XYZ, a charitable organization, has assets of $7,000,000, ACME, INC., an C Corporation, where all the equity owners are accredited investors
B
Jennifer, with an annual income of $400,000 on a joint basis for the past 2 consecutive years, XYZ, a charitable organization, has assets of $7,000,000, ACME, INC., an C Corporation, where all the equity owners are accredited investors, John, a single man, has a net worth of $1.950,000 (excluding his primary residence)
C
XYZ, a charitable organization, has assets of $7,000,000, ACME, INC., an C Corporation, where all the equity owners are accredited investors, John, a single man, has a net worth of $1.950,000 (excluding his primary residence)
D

Explanations

Jennifer may be considered an accredited investor if she can demonstrate that the income will continue this year. Charitable organizations with assets exceeding $5,000,000 are considered accredited investors. A business in which all the equity owners are accredited investors may be considered an accredited investor. John's net worth is beyond the $1,000,000 threshold for individuals, and may be an accredited investor