WorldCom Created an Acquisitions Subsidiary (TC Investments Corporation)by Transferring WorldCom

question 59

Short Answer

WorldCom created an acquisitions subsidiary (TC Investments Corporation)by transferring WorldCom stock and cash to TC Investments Corporation in exchange for newly issued TC Investments Corporation stock.TC Investments Corporation then used the WorldCom stock and cash to acquire MCI as described in the next two steps.

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Definitions:

Significant Achievements

Notable or important successes, accomplishments, or milestones achieved by an individual or organization.

Contact Information

Details that allow someone to communicate with another person or organization, such as phone number, email address, or physical address.

Résumé

A document used by individuals to present their background, skills, and accomplishments, primarily used for job applications.

Chronological Order

The arrangement of events in the order in which they occurred in time.