________ means that all the assets of the corporation will be distributed to holders of claims on the corporation, and no corporate entity will survive.

Question

Quizplus · Accepted Answer

Liquidation refers to the closure of a corporation, where all the remaining assets are sold off, and the proceeds are used to pay off the creditors. In the end, the corporation ceases to exist, and there is no legal entity left. Recapitalization and reorganization refer to restructuring a corporation, while distribution refers to the sharing of profits or dividends among the shareholders.

________ Means That All the Assets of the Corporation Will