Use the Following Information to Answer the Question(s) Below

question 34

Multiple Choice

Use the following information to answer the question(s) below.
Polka Corporation exchanges 100,000 shares of newly issued $1 par value common stock with a fair market value of $20 per share for all of the outstanding $5 par value common stock of Spot Inc. and Spot is then dissolved. Polka paid the following costs and expenses related to the business combination:

-When considering an acquisition, which of the following is NOT a method by which one company may gain control of another company?

• A) Purchase of the majority of outstanding voting stock of the acquired company.
• B) Purchase of all assets and liabilities of another company.
• C) Purchase all the outstanding voting stock of the acquired company.
• D) All of the above methods result in a company gaining control over another company.

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Definitions:

Sociological Theories

Frameworks for understanding how societies operate, how people interact within them, and how social change happens.

Multidisciplinary

Involving or combining several academic disciplines or professional specializations in an approach to a topic or problem.

Frederic Jameson

An American literary critic and Marxist political theorist best known for his analysis of contemporary cultural trends and the concept of postmodernity.

Postmodern Society

A concept referring to the state or condition of society which is characterized by a complex, pluralistic, and fragmented perspective, moving beyond the principles and conventions of modernism.