Fact Pattern 31-4 Carrier Company Exchanges Some of Its Shares

question 2

Multiple Choice

Fact Pattern 31-4 Carrier Company exchanges some of its shares for some of the shares of Distribution Corporation. The exchange is used to create Equity Inc., whose business activity is to hold the shares of the two companies.
Refer to Fact Pattern 31-4. Once the formalities are satisfied, a certificate of the exchange is issued by

• A) Equity Inc.
• B) none of the choices.
• C) the appropriate state.
• D) the U.S. Department of Commerce.

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Definitions:

Function Header Line

A line at the beginning of a function definition that includes the function name, return type, and parameters.

Passing Data

The process of transferring data between different parts of a computer program or between different programs themselves.

Statement

An instruction in a computer program that performs a specific action.

Invoking A Function

The process of calling a function in a program to execute the set of instructions defined within it.