Porpoise Corporation Acquired Sims Company Through an Exchange of Common

question 9

Multiple Choice

Porpoise Corporation acquired Sims Company through an exchange of common shares. All of Sims' assets and liabilities were immediately transferred to Porpoise. Porpoise Company's common stock was trading at $20 per share at the time of exchange. The following selected information is also available: What number of shares was issued at the time of the exchange?

• A) 5,000
• B) 17,500
• C) 12,500
• D) 10,000

---

Definitions:

Correlation Coefficient

A numerical measure that indicates the extent to which two variables fluctuate together, showing the strength and direction of a relationship.

Scatter Plot

A type of graphical representation displaying values for typically two variables for a set of data, showing the relationship between them.

Operational Definition

A clear, concise detailed definition of a measure or variable within a study, used to ensure consistency and replicability in research.

Procedures

A series of actions conducted in a certain order or manner to achieve a result or carry out a task.