Through a certain transaction, Coffee Café Inc. acquires all of the shares of Deli Corporation for some of Coffee's shares. Both Coffee and Deli continue to exist. This is
A) a consolidation.
B) a share exchange.
C) a short-form merger.
D) a purchase of assets.

Question

Quizplus · Accepted Answer

This transaction is a share exchange, where Coffee Café Inc. acquires all shares of Deli Corporation in exchange for its own shares, allowing both companies to continue existing independently.

Through a Certain Transaction, Coffee Café Inc