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.

---

Definitions:

Cultural Pressure

The influence exerted by society on individuals to adopt certain behaviors, norms, or practices, often to conform to societal standards.

Dissociative Reference Group

A group with which an individual does not want to be associated or identified.

Computer Geek

A term often used to describe someone with a deep interest and expertise in computers and technology.

Jocks

A colloquial term often used to describe athletes or individuals who are particularly enthusiastic about sports, typically in a school or college setting.