For purposes of the exclusion under Section 1202 a qualified

For purposes of the exclusion under Section 1202, a qualified small business is a C corporation with total gross assets of:

	A.	$1 million or less at all times after August 9, 1993.
	B.	$5 million or less at all times after August 9, 1993.
	C.	$10 million or less at all times after August 9, 1993.
	D.	$50 million or less at all times after August 9, 1993.

Solution

A qualified small business is a C corporation with total gross assets of $50 million or less at all times after August 9, 1993. Option D is correct