1234567 Inc. is contemplating a Business Combination with 7654321 Inc. One company is incorporated under Federal law, the other under provincial law. Is a statutory amalgamation permissible under these circumstances?
A) Yes, provided the combination is accounted for using the Acquisition Method.
B) No, a statutory amalgamation would not be possible, since one company is
incorporated under federal law and the other under provincial law.
C) Yes, provided the surviving corporation would have had control of the purchased
company.
D) Cannot be determined from the information given.
B) No, a statutory amalgamation would not be possible, since one company is
incorporated under federal law and the other under provincial law.
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