Examlex
Explain how a company that lowers its net income margins can generate more profit.
Voluntary Dissolution
The process by which a corporation legally terminates its existence by the decision of its shareholders or board, rather than being forced to do so by a court or creditors.
Absorbed Corporation
An absorbed corporation is one that has been merged into another entity, resulting in the loss of its former separate legal identity.
Surviving Corporation
The entity that continues to exist after a merger, having absorbed another business entity.
Property
Refers to ownership of resources such as land, buildings, or intellectual property.
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