Which of the Following Statements Applies to Reverse Acquisitions A) I and III;
B) I and IV;
C) II

question 17

Multiple Choice

Which of the following statements applies to reverse acquisitions? $$\begin{array} { | l | l | l | l | } \hline \text { I. } & \begin{array} { l } \text { The accounting acquirer would } \\\text { issue equity shares to the } \\\text { accounting acquire. }\end{array} & \text { III. } & \begin{array} { l } \text { The legal subsidiary has the power to govern } \\\text { the financial and aperating policies of the } \\\text { combined entity. }\end{array} \\\hline \text { II. } & \begin{array} { l } \text { The legal acquirer is identified } \\\text { as accounting acquiree. }\end{array} & \mathrm { IV } . & \begin{array} { l } \text { Consolidated financial statements prepared } \\\text { following a reverse acquisition are issued } \\\text { under the name of the accounting acquirer. }\end{array} \\\hline\end{array}$$

• A) I and III;
• B) I and IV;
• C) II and III;
• D) II and IV.

---

Definitions:

Quintin Bandera

A notable figure in the Cuban War of Independence, recognized for his bravery and leadership in the struggle against Spanish colonial rule.

Black Soldiers

African American individuals who have served in the military forces, particularly noted for their roles in various American wars, overcoming racial barriers.

Spanish-American War

A conflict between Spain and the United States in 1898, resulting in the U.S. gaining territories in the western Pacific and Latin America.

Theodore Roosevelt

The 26th President of the United States (1901-1909) known for his progressive policies, leadership of the Rough Riders, and contributions to the conservation movement.