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On June 10, 1993, Fireman Bob ran into Ruby's burning house and found her lying in a hallway, overcome by smoke.He picked her up and carried her out to safety.Unfortunately, in his haste Bob was not careful.Ruby's ankle struck a doorway and was broken in several places.This required extensive surgery, so that Ruby was in the hospital for several weeks.On July 1, 1993, Fireman Bob went to visit her in the hospital.While he was talking to her, he accidentally bumped the intravenous needle in her hand, causing her hand to bleed.Infection subsequently developed.The statute of limitations for acts of negligence is two years.On June 18, 1995, Ruby filed suit against both the city fire department, for injury to her ankle, and Fireman Bob, for injury to her ankle and for causing the infection in her hand.Which of the following statements is false?
Business Combination
The process of merging two or more companies into a single entity, often to expand business operations or to enter new markets.
Consolidated Common Stock
The aggregation of common stock of a parent company and its subsidiaries, presented as total common stock in consolidated financial statements.
Common Stock
Common stock represents ownership shares in a corporation, giving holders voting rights and a portion of the company's profits through dividends.
Par Value
The nominal or face value of a stock or bond, as stated by the issuing company, that has no direct correlation to the market value.
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