In a consolidation, one corporation acquires all the assets and liabilities of another corporation, which then ceases

Question:

In a consolidation, one corporation acquires all the assets and liabilities of another corporation, which then ceases to exist. (True/False)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

See More Books

Question Posted: Feb 26, 2024 09:01 AM

See More Questions

The Cash account in the records of Arnaz Company showed a balance of $13,307 at March 31. The bank statement, however, showed a balance of $9,936 at the same date. The only reconciling items...
The following are the statements of financial position of two companies at 31 October 2018, the end of their most recent financial years: The following additional information is available: 1). On 1...
The trial balance for Eureka Ltd as at 30 June 2012 (before calculation of income tax) is as follows: Note: this is the first year of operation of Eureka Ltd. DR CR $000 $000 Sales Revenue 1235 Cost...
The following is a sufficient condition, the Laplace-Liapounoff condition, for the central limit theorem: If X 1 , X 2 , X 3 , . . . is a sequence of independent random variables, each having an...
At what nominal rate, compounded quarterly, would $20,000 have to be invested to amount to $26,425.82 in 7 years?
Genesis Company buys a $\$ 900$ machine on credit. This transaction will affect the: a. income statement only. b. balance sheet only. c. income statement and retained earnings statement only. d....
The following data were obtained for the velocity profiles in turbulent flow at a specified point in a channel flow as a function of time. The measurements were taken 0.01 seconds apart. The velocity...
You are one of three carpenters assigned to complete a short construction project. Right before the start of the project, one of your fellow carpenters was hospitalized and will not be available to...
We are in an incredibly stressful time in our lives. Watch the Ted Talk, "How Burnout Makes Us Less Creative". Share your thoughts on the video. Then discuss what are some actions that you can take...
Midwest Movers, Inc., and Northwest Transport Corporation consolidate. When this combination is completed, a. Midwest and Northwest will cease to exist. b. Midwest will continue as the sole surviving...
Mountainview Resort made annual contributions to its employees pension fund. During the latest recession, business began to decline. Mountainviews owners obtained a loan from Investco Bank. Two years...
Consider the expansion of an ideal gas at constant pressure. The initial temperature is T0 and the initial volume is V 0 . (a) Show that V/V 0 = T, where = 1/T 0 . (b) Compare the coefficient of...
Wakefield Heights sold $6,000,000 of general obligation serial bonds at a 1.5% discount to finance the construction of a new recreation center. Bond issuance costs were 2% of the face amount of the...
A pressurized propane tank is fitted with a valve on top that allows saturated vapor to escape when the valve is opened. When the valve is first opened, the mass flow rate of the propane leaving the...
At the financial years end, prepare the general journal to close out the accounts to the profit and loss account in the general ledger and post the journal to the T accounts shown in figure 9.20....
From the account balances of R Jones in figure 9.25, prepare the necessary closing general journals. Extract Account Balances of R Jones as at 31 December 2022 Inventory [1-1-2022] Assets - other...
Your bank manager has informed you about a new investment plan that will provide you with $5,000 at the end of each of the next 20 years. If you have an opportunity to earn a guaranteed return of 6%,...
A skeleton of Landmark Mills income statement appears as follows (amounts in thousands): Income Statement Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,200 Cost of goods sold . ....
When is the indirect pattern appropriate, and what are the benefits of using it?
The following problems require reasoning for their solution. To prove that an answer is correct requires an argument (often containing subsidiary arguments) whose premises are contained in the...
The following problems require reasoning for their solution. To prove that an answer is correct requires an argument (often containing subsidiary arguments) whose premises are contained in the...
The following problems require reasoning for their solution. To prove that an answer is correct requires an argument (often containing subsidiary arguments) whose premises are contained in the...
Given the following data, develop MRP plans for items C, D, E and F. MPS start: The following table shows the MPS start information for end items A and B. End item A Week 1 30 Week 2 70 Week 3 Week 4...
2. The Chutes and Ladders Company specializes in producing a set of oversize lawn games consisting of game pieces and a storage box. The sets are very popular, and the company has ample orders to...
Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 30,000 shares of preferred 2% stock, $100 par and 500,000 shares...

In a consolidation, one corporation acquires all the assets and liabilities of another corporation, which then ceases

Question:

Step by Step Answer:

False In a consolidation two or more corporations combine to form a complet...View the full answer

Business Law Text And Exercises

Students also viewed these Social Science questions