Which One of the Following Statements Concerning a "C" Reorganization

question 45

Multiple Choice

Which one of the following statements concerning a "C" reorganization is true?

• A)Target's shareholders normally must approve the sale of assets and liquidation.
• B)Acquiring corporation shareholders need not formally approve the acquisition.
• C)"C" reorganization is sometimes called the "practical merger."
• D)All of the above statements are true.

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Georgia

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