Identify Which of the Following Statements Is True

question 22

Multiple Choice

Identify which of the following statements is true.

• A)Both a Type B reorganization or a reverse triangular merger will not allow the target corporation to remain in existence.
• B)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.
• C)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.
• D)All of the above are false.

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Definitions:

Energy Efficiency

Refers to using less energy to provide the same service or achieve the same level of function.

Goods

Physical items that satisfy human wants and provide utility, which can be bought, sold, and used.

Renewable Natural Resource

A resource that can be replenished naturally over time, such as solar energy, wind, and biomass.

Aquifers

Underground layers of water-bearing permeable rock, rock fractures, or unconsolidated materials from which groundwater can be extracted.