Which of the Following Is Generally False When a Consolidation

question 21

Multiple Choice

Which of the following is generally false when a consolidation occurs?

• A) The new corporation has independent legal status.
• B) The original corporations continue to exist legally.
• C) The consolidated entity assumes the debts of the original corporations.
• D) The consolidated entity obtains the original corporations' assets.
• E) The consolidated entity takes on the rights of the original companies.

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Definitions:

Development Periods

Distinct phases in life characterized by specific physical, psychological, and social milestones.

Eight

The number following seven and preceding nine, represented in numerals as 8, and considered a symbol of balance and power in various cultures.

Culture

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Human Development

The multidimensional process of physical, cognitive, and social growth and change throughout a person's lifespan.