Modern Screen Entertainment,Inc. ,recently bought Star Power Pictures,Inc. ,for an undisclosed amount of money.It now owns all of Star Power Picture's properties and obligations.This is an example of an):
A)Merger.
B)Combination.
C)Expropriation.
D)Acquisition.

Question

Quizplus · Accepted Answer

An acquisition occurs when one company purchases and takes control of another company's assets and liabilities, as Modern Screen Entertainment, Inc. did with Star Power Pictures, Inc.