Which of the Following Statements Best Describes a Bootstrap Acquisition

question 63

Multiple Choice

Which of the following statements best describes a bootstrap acquisition?

• A) The shareholder sells his stock in exchange for cash and debt.
• B) The shareholder sells part of his or her stock to a purchaser and then the corporation redeems the original shareholder's remaining stock.
• C) The shareholder exchanges his stock for stock of a different corporation.
• D) none of the above

---

Definitions:

Requirements

Conditions or capabilities needed by a user to solve a problem or achieve an objective that must be met or possessed by a system, product, or service.

Supplies

Materials, goods, or inventory required for the operation of a business or execution of a task or project.

Quantities

A measurement or amount of a specific item or variable.