Which One of the Following Statements Concerning Mergers and Acquisitions

question 92

Multiple Choice

Which one of the following statements concerning mergers and acquisitions is correct?

• A)Generally,two-thirds of the shareholders in each firm must approve a merger.
• B)Acquisitions always result in at least one firm being dissolved.
• C)The net present value of an acquisition should have no bearing on whether or not the acquisition occurs.
• D)Acquisitions of assets are generally quite simple and inexpensive from a legal and accounting perspective.
• E)At least one-half of the shareholders must vote to approve an acquisition of stock.

Calculate and record transactions related to notes payable and interest expense.

Recognize the proper treatment and recording of payroll and related liabilities.

Distinguish between different types of liabilities and understand their classification as current or non-current.

Understand the treatment and recording of sales taxes and how they affect the financial statements.

---

Definitions:

Nuclear Plants

Facilities where nuclear fission reactions are managed to produce heat for electricity generation, utilizing uranium or other nuclear fuels.

Conventional Fossil Fuel

Conventional fossil fuels are natural resources like coal, oil, and natural gas, that have been formed from the decayed remains of ancient plants and animals, used primarily for energy.

Three Mile Island

The site of the United States' worst commercial nuclear power plant accident, occurring in 1979 in Pennsylvania.

CANDU Reactors

A type of nuclear reactor developed in Canada that uses heavy water (deuterium oxide) as both its coolant and neutron moderator, allowing it to use natural uranium as fuel.