Brite Cosmetics Corporation purchases all of the assets of Color-All Lipsticks Corporation. With respect to Brite Cosmetics' liabilities, Color-All Lipsticks is
A) automatically responsible
B) not responsible under any circumstances.
C) responsible if Color-All Lipsticks is a competitor of Bright Cosmetics.
D) responsible if the sale is actually a merger or consolidation.
D
You might also like to view...
The most commonly used quota is based on profit margins
Indicate whether the statement is true or false
Which of the following should have the strongest cause and effect relationship with overhead costs?
A. Value-added costs. B. Cost followers. C. Cost drivers. D. Units of output. E. Non-value-added costs.
Which of the following is NOT a base for differentiating waiting customers?
A. Duration of the service transaction B. Willingness to perform service role C. Importance of the customer D. Payment of a premium price E. Urgency of the job
Which of the following is true of a private placement memo?
A. It provides information to potential licensees. B. It is designed to be used internally for management purposes. C. It is a special form of informational plan posted on the Internet. D. It is a complex legal document and should be drafted by a lawyer.