When a Sale of Assets Amounts to What in Effect

question 84

True/False

When a sale of assets amounts to what in effect is a merger, the acquir?ing corporation inherits the selling corporation's liabilities.

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Definitions:

National Income

The total amount of money earned within a country from the production of goods and services over a specified period, usually a year.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, stripping out the effects of inflation.

GDP

Gross Domestic Product, a measure of the total economic output of a country within a specific time period.

Net Exports

The difference between a country's total value of exports and its total value of imports.