Which of the Following Is Not True About a Merger

question 39

Multiple Choice

Which of the following is not true about a merger of two not-for-profit entities?

• A) The two entities will continue to legally exist but there will be a new governing board.
• B) Neither entity is considered to be acquired.
• C) Identifiable assets and liabilities are not adjusted to their fair values at the date of the merger.
• D) The two entities will together form an entirely new entity with a new governing board.
• E) There will be no acquisition value or goodwill determination.

---

Definitions:

Hypothalamus

A region of the brain that controls an extensive range of bodily functions, including emotional responses, hormonal balance, and hunger/thirst.

Endocrine System

A network of glands and organs that produce, store, and release hormones into the bloodstream to regulate the body's growth, metabolism, and sexual development and function.

Computerized Axial Tomography

A medical imaging technique that uses computer-processed combinations of many X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object, allowing the user to see inside the object without cutting.

X-rays

A form of electromagnetic radiation that is used to create images of the internal structures of the body, commonly used in medical imaging.