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

Business

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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.

Business

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)

Business

Non-operating activities that include interest, dividends and rent revenues, and gains from asset disposals are called ________.

What will be an ideal response?

Business

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

Business