AB Corporation Consolidates with ZX Corporation to Form A-Z Corporation

question 2

Multiple Choice

AB Corporation consolidates with ZX Corporation to form A-Z Corporation. The debts of AB Corporation are:

• A) assumed by the stockholders of AB Corporation.
• B) discharged by the process of consolidation.
• C) assumed by A-Z Corporation.
• D) discharged by the issuance of new stock in A-Z Corporation.

---

Definitions:

Aerobic Respiration

A metabolic process in cells involving oxygen to convert glucose into energy, producing carbon dioxide and water as byproducts.

ATP

Adenosine Triphosphate, a molecule that carries energy within cells, enabling metabolic processes.

Glucose Molecule

A straightforward sugar, important for energy production in living creatures, and a fundamental part of multiple carbohydrates.

Anaerobic Respiration

A type of respiration that occurs in the absence of oxygen, producing energy by breaking down glucose without using oxygen.