Which of the Following Companies Was Created in 1985 from the Merger

question 43

Multiple Choice

Which of the following companies was created in 1985 from the merger of two other companies in the natural gas and pipeline industries?

• A)Enron
• B)Arthur Andersen
• C)BMIS
• D)Adelphia Communications Corporation

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Definitions:

Underpayment Penalties

Penalties charged by tax authorities for paying less tax than is owed, often calculated based on the amount of underpayment and the time period it spans.

Sole Proprietorship

A type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

Income Taxes

Taxes levied by governments on the income earned by entities (individuals or corporations), with rates varying by income level.

Part-time Basis

Refers to employment where the worker is not working full-time and usually works fewer hours.