In a Consolidation,which of the Following Is True Regarding the Property

question 56

Multiple Choice

In a consolidation,which of the following is true regarding the property of the original corporations?

• A)It is acquired by the new corporation.
• B)It must be sold and distributed to the respective shareholders.
• C)It must be held in trust for at least one year to satisfy claims of creditors.
• D)It must be held in trust for at least six months to satisfy claims of creditors.
• E)It must be placed within the jurisdiction of the secretary of state for at least one year in order to satisfy claims of creditors.

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Definitions:

Positive Slope

A line on a graph that shows an upward trend, indicating that as one variable increases, the other variable also increases.

Negative Slope

A characteristic of a line on a graph indicating that as one variable increases, the other variable decreases, showing an inverse relationship.

Pearson's Correlation Coefficient

A statistical measure that calculates the strength and direction of the linear relationship between two continuous variables.

Values Squared

The process of multiplying a set of numbers by themselves to calculate the square of each value, often used in statistical analyses.