Which of the following statements is true regarding a statutory merger? Multiple Choice The original companies...
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Which of the following statements is true regarding a statutory merger? Multiple Choice The original companies dissolve while remaining as separate divisions of a newly created company. Both companies remain in existence as legal corporations with one corporation now a subsidiary of the acquiring company. The acquired company dissolves as a separate corporation and becomes a division of the acquiring company. The acquiring company acquires the stock of the acquired company as an investment. A statutory merger is no longer a legal option. Which of the following statements is true regarding a statutory merger? Multiple Choice The original companies dissolve while remaining as separate divisions of a newly created company. Both companies remain in existence as legal corporations with one corporation now a subsidiary of the acquiring company. The acquired company dissolves as a separate corporation and becomes a division of the acquiring company. The acquiring company acquires the stock of the acquired company as an investment. A statutory merger is no longer a legal option.
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Explanation A statutory merger is a type of corporate merger where two companie... View the full answer
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
Posted Date:
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