A Statutory Consolidation Is a Type of Business Combination in Which

question 6

Multiple Choice

A statutory consolidation is a type of business combination in which:

• A) one of the combining companies survives and the other loses its separate identity.
• B) one company acquires the voting shares of the other company and the two companies continue to operate as separate legal entities.
• C) two publicly traded companies agree to share a board of directors.
• D) each of the combining companies is dissolved and the net assets of both companies are transferred to a newly created corporation.

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