Which of the Following Situations Best Describes a Business Combination

question 44

Multiple Choice

Which of the following situations best describes a business combination to be accounted for as a statutory merger?

• A)Both companies in a combination continue to operate as separate,but related,legal entities.
• B)Only one of the combining companies survives and the other loses its separate identity.
• C)Two companies combine to form a new third company,and the original two companies are dissolved.
• D)One company transfers assets to another company it has created.

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Definitions:

Former Slaves

Individuals who were previously enslaved and have since gained their freedom, particularly in reference to the historical context of slavery in various regions.

Importation Of Slaves

The historical practice of bringing enslaved African people to various parts of the world, especially to the Americas, through the transatlantic slave trade.

Louisiana Purchase

The acquisition of the Louisiana territory by the United States from France in 1803, which doubled the size of the U.S. and opened up the country for westward expansion.

Slave Society

A society in which the institution of slavery impacts all aspects of life, including economic, social, and political structures.