An issuer who plans on raising $1 million or less from the public must answer the questions on Form U-7, which then becomes the offering circular that must be given to prospective investors

Principle 8, Risk and Return go hand in hand, tells us that you ________ as the length of the investment horizon ________

A) can afford to take on additional risk; increases B) can afford to take on additional risk; decreases C) cannot afford not to take on additional risk; shortens D) cannot afford to take on additional risk; increases

On June 1, 2014, Puell Company acquired 100% of the stock of Sorrell Inc On this date, Puell had Retained Earnings of $100,000 and Sorrell had Retained Earnings of $50,000 On December 31, 2014, Puell had Retained Earnings of $120,000 and Sorrell had Retained Earnings of $60,000. The amount of Retained Earnings that appeared in the December 31, 2014 consolidated balance sheet was

A) $120,000. B) $130,000. C) $170,000. D) $180,000.