A transaction in which two corporations combine such that afterwards only one of them still
exists and owns all the assets previously owned by either corporation is called a:
A) Purchase of assets. B) Consolidation.
C) Share exchange. D) Merger.
D
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Which of the following statements is true?
A. The prices of debt securities fall during recessions. B. Interest rates on neither the short-term securities nor the long-term securities fall in recession. C. Interest rates on long-term securities fall more than the interest rates on short-term securities in recession. D. Interest rates on short-term securities fall more than the interest rates on long-term securities in recession.
Financial accounting is the area of accounting aimed at serving external users by providing them with general-purpose financial statements.
Answer the following statement true (T) or false (F)
Non-operating activities that include interest, dividends and rent revenues, and gains from asset disposals are called ________.
What will be an ideal response?
What term is used to describe the process of developing the organization's objectives and goals?
A) Supervising B) Planning C) Improving D) Decision making