Question: [ 5 Points ] Last month, Keyser Design acquired all of the assets and liabilities of Tenor Machine Works. The combined firm is known as

  1. [5 Points] Last month, Keyser Design acquired all of the assets and liabilities of Tenor Machine Works. The combined firm is known as Keyser Design. Tenor Machine Works no longer exists as a separate entity. This acquisition is best described as a merger or consolidation? Why?

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