In a Tender Offer,the Tendering Corporation and the Target Corporation

question 39

True/False

In a tender offer,the tendering corporation and the target corporation retain their separate legal status.

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Definitions:

Liability Account

An account that records obligations or amounts owed to others that will require a future outflow of resources.

Liabilities

Financial obligations or debts owed by a business to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Debits

Accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

Credits

In accounting, credits are entries that decrease assets or increase liabilities and equity on a company's balance sheet.