_______Forms the basis for the accounting process

Gain on Disposal of a trading investment is an equity account and is reported in the Other Revenues and (Expenses) section of the income statement

Indicate whether the statement is true or false

Which of the following terms refers to one company's acquisition of another company's assets or stock in such a way that the second company is absorbed by the first?

A) diversification B) penetration C) merger D) collusion