Question: The difference between a merger and a consolidation is: A merger involves the sale of assets from one corporation to another, while a consolidation involves

The difference between a merger and a consolidation is:

A merger involves the sale of assets from one corporation to another, while a consolidation involves only a transfer of stoc

In a merger the management of one corporation acquires the assets of another. In a consolidation two or more corporatio under their joint control.

In imerger two organizations incorporated in the same state combine their assets to form a single organization. A consoli combining corporations from multiple states into a single, national organization.

In a merger at least one of the companies involved survives the process and continues to exist. In a consolidtation all of th disolved and an entirely new corporation is formed.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1. ABC Corporation substantially complies with all conditions precedent to incorporation. ABC Corporation has a. corporate existence by estoppel. b. de facto existence. c. de jure existence. d. ultra...

Typically, a corporation extends its operations by combining with another corporation through a merger, a consolidation, a purchase of assets, or a purchase of a controlling interest in the other...

A corporation's board of directors can delegate (assign) some of its duties to a. no one b. incorporators. c. officers. d. shareholders The minimum number of directors that must be represented at a...

summarize the new standard and the potential impact of that standard's implementation on internal users and external users Be sure to address possible unintended consequences. No. 2016-16 October...

need answer for these questions 13, 17, 19, 20, and 23? PART 5 Business Valuations Chapter Business Valuations A valuation analyst should be able to explain and defend his or her valuation, including...

need answers for questions 13, 17, 19, 20, and 23? PART 5 Business Valuations Chapter Business Valuations A valuation analyst should be able to explain and defend his or her valuation, including both...

I really need help with this question. I have been trying to get it answered for days. ref Mimi PwC Case Studies in Taxation, 2013, PwC, LLP MIMI'S CUPCAKES Your business tax client, Mimi...

Can you please help me with this question Bearden PwC Case Studies in Taxation, 2013, PwC, LLP BEARDEN'S SPECIALTY PRODUCE, INC. Your client, Frank Bearden, owns an Arkansas business that brokers...

Review the income statement. What was recorded as discontinued operations for the most recent fiscal year? What was managements explanation for this amount? What is the functional currency of the...

A small aluminum sphere of diameter D, initially at a uniform temperature To, is immersed in a liquid whose temperature, T??, varies sinusoidally according toT?? ?? Tm = A sin (t)where: Tm =...

At a particular temperature, 8.0 moles of NO2 is placed into a 1.0- L container and the NO2 dissociates by the reaction 2NO2(g) 2NO(g) + O2(g) At equilibrium the concentration of NO(g) is 2.0 M....

12177. The rod OA rotates clockwise with a constant angular velocity of 6 rad>s. Two pin-connected slider blocks, located at B, move freely on OA and the curved rod whose shape is a limaon described...

5 7 points Clonex Labs, Incorporated, uses the FIFO method of process costing. The following data are available for one department for October: Work in process, October 1 Work in process, October 31...