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The Cat Box Acquired the Dog House

question 17

Multiple Choice

The Cat Box acquired The Dog House.As part of this transaction,both firms ceased to exist in their prior form and combined to create an all-new entity,Animal World.Which one of the following terms best describes this transaction?


Definitions:

Shares

Units of ownership in a corporation or financial asset that represent an equal proportion of its capital.

Benefit

An advantage, profit, or gain received or enjoyed by an individual or entity, often as a result of a contract, employment, or other agreement.

Promoter

An individual or company who takes initiative to organize, finance, or promote and start up a new business venture or event.

Agent

An individual authorized to act on behalf of another, known as the principal, in dealings with third parties.

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