Which of the Following Statements Applies to Reverse Acquisitions A) I and III;
B) I and IV;
C) II

Which of the following statements applies to reverse acquisitions? $$\begin{array} { | l | l | l | l | } \hline \text { I. } & \begin{array} { l } \text { The accounting acquirer would } \\\text { issue equity shares to the } \\\text { accounting acquire. }\end{array} & \text { III. } & \begin{array} { l } \text { The legal subsidiary has the power to govern } \\\text { the financial and aperating policies of the } \\\text { combined entity. }\end{array} \\\hline \text { II. } & \begin{array} { l } \text { The legal acquirer is identified } \\\text { as accounting acquiree. }\end{array} & \mathrm { IV } . & \begin{array} { l } \text { Consolidated financial statements prepared } \\\text { following a reverse acquisition are issued } \\\text { under the name of the accounting acquirer. }\end{array} \\\hline\end{array}$$

A) I and III;
B) I and IV;
C) II and III;
D) II and IV.