Examlex
Which of the following occurs when two or more companies agree to a combination of equals, creating one new company from the two previously independent companies?
Cash in Hand
Refers to the amount of currency and negotiable instruments that are immediately available for business transactions or expenses, not deposited in a bank or invested.
Total Debts
The sum of all liabilities, or the total amount of money that a person or entity owes to creditors.
Inventory Turnover
A measure of how quickly a company sells and replaces its inventory over a certain period, indicating the efficiency of inventory management.
Net Income
Net income represents the total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue, indicating the actual profit made during a specified period.
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