Identify which of the following statements is true.
A. Andrews Corporation gives 10% of its stock worth $200,000 and Andrews notes worth $10,000 in exchange for 80% of Baxter Corporation's stock. The exchange qualifies as a Type B reorganization.
B. In a Type B reorganization, with minor exceptions, only voting stock can be used by the acquiring corporation to acquire the target corporation's stock.
C. Both a Type B reorganization or a reverse triangular merger will not allow the target corporation to remain in existence.
D. All of the above are false.
Answer: B
You might also like to view...
The Regulation Fair Disclosure (FD) required companies to ________
A) publicize all potentially market-moving data at the time the data become available B) make market-moving data available only to certain analysts C) have more open relations with analysts who ask for data about the company's market performance D) not share market-moving data with analysts or the public
Fisher-Price developed a line of toys for infants in China. Babies make up the market for these products.
Answer the following statement true (T) or false (F)
A collection of related fields that describe some object or activity is a(n) ____________________.
Fill in the blank(s) with the appropriate word(s).
Douglas McGregor's "Theory Y" approach to managing employees emphasizes that people in organizations should make decisions for themselves
a. True b. False Indicate whether the statement is true or false