A transaction in which two corporations combine,such that afterwards only one of them still exists and owns all the assets previously owned by either corporation,is called a:

Name: A transaction in which two corporations combine,such that afterwards only one of them still exists and owns all the assets previously owned by either corporation,is called a:
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

In a merger, two corporations combine, and only one corporation continues to exist, owning all the assets of both original corporations.

A Transaction in Which Two Corporations Combine,such That Afterwards Only