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Croissants Corporation and Donuts Company Transfer Their Assets to Edibles

Question 66

Multiple Choice

Croissants Corporation and Donuts Company transfer their assets to Edibles Inc., which manages the assets and distributes the profits to Croissants and Donuts. This arrangement is


A) a business trust.
B) none of the choices.
C) a joint venture.
D) a syndicate.

Correct Answer:

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