Assuming the existence of two companies, A and B, which of the following is not a business combination? Company C is formed to acquire all the assets and liabilities of Company A and Company B. Both Company A and Company B liquidate. Company A acquires a group of assets of Company B, the group of assets not constituting a business. Company B continues to operate as a company. Company A acquires all assets and liabilities Company B. Company B continues as a company, holding shares of Company A. O Company A acquires all assets and liabilities of Company B, and Company B liquidates.

Assuming the existence of two companies, A and B, which of the following is not a business combination? Company C is formed to acquire all the assets and liabilities of Company A and Company B. Both Company A and Company B liquidate. Company A acquires a group of assets of Company B, the group of assets not constituting a business. Company B continues to operate as a company. Company A acquires all assets and liabilities Company B. Company B continues as a company, holding shares of Company A. O Company A acquires all assets and liabilities of Company B, and Company B liquidates.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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