A transaction in which two corporations combine such that afterwards only one of them still
exists and owns all the assets previously owned by either corporation is called a:
A) Purchase of assets. B) Consolidation.
C) Share exchange. D) Merger.
D
Business
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Which of the following is true of general and limited partners in a limited partnership?
A) Limited partners are exempt from annual capital investment and need only participate in management functions. B) General partners are not personally liable for partnership debts. C) General partners are required to invest capital and refrain from managerial activities. D) Limited partners are not personally liable for partnership debts beyond their capital contributions.
Business
Stockholder voting rights allow one vote per one shareholder
Indicate whether the statement is true or false.
Business