North American Van Lines and Allied Van Lines Merged to Create

question 27

Multiple Choice

North American Van Lines and Allied Van Lines merged to create the world's largest moving company.Prior to the merger,North American was the leading company in moving high-end merchandise such as computer and hospital equipment,while Allied specialized in households.What type of merger is this?

• A) a vertical merger
• B) a combination
• C) a conglomerate
• D) a horizontal merger

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Definitions:

Actuarial Loss

A loss recognized when the actual experience under a pension plan deviates from expected assumptions, resulting in increased liabilities or decreased assets.

Unrecognized Actuarial (Gain)Loss

Financial gains or losses in pension plans or other post-employment benefit plans that have not been recognized in financial statements.

Income Statement Reporting

The process of presenting revenue, expenses, and profits or losses over a specific period in an income statement.

Other Postretirement Benefits

Benefits, other than pension distributions, that an employee is entitled to receive after retirement, such as life insurance and medical benefits.