Fact Pattern 30-1Shale Oil Processing Corporation Combines Its Assets and Debts

question 25

Multiple Choice

Fact Pattern 30-1Shale Oil Processing Corporation combines its assets and debts with those of Tierra Frakking Company to form United Resources, Inc. Shale and Tierra cease to exist.
-Refer to Fact Pattern 30-1.The formation of United Resources is 

• A) ​a consolidation 
• B) ​a merger. 
• C) ​a purchase of assets. 
• D) ​a share exchange.

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