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 a(n):
A) merger.
B) combination.
C) expropriation.
D) acquisition.

Question

Quizplus · Accepted Answer

This scenario describes an acquisition, where one company acquires another company's assets and liabilities for an undisclosed amount of money.