When a Company Is Acquired and Becomes a Subsidiary of Another

question 38

True/False

When a company is acquired and becomes a subsidiary of another company, the books of the subsidiary are unaffected on the date of the acquisition.

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Definitions:

Ought

A term expressing duty, correctness, or moral obligation, indicating what should be done.

Self-assessment

The process of evaluating one's own thoughts, feelings, behaviors, and abilities, often in relation to personal goals or standards.

Psychology

The science that studies behavior and the physiological and mental processes that underlie it and the profession that applies the accumulated knowledge of this science to practical problems.

Outgoing

A personality trait characterized by a person being sociable, extroverted, and willing to engage with others.