If there is a consolidation of corporations A, B, and C: ______.
A) corporations B and C are absorbed into corporation A, and corporation A continues to exist.
B) all of the corporations continue to exist.
C) all corporations continue to exist, but corporation A owns all of the stock of corporations B and C.
D) corporations A, B, and C cease to exist, and a new corporation with the property and assets of the old corporations comes into being.
Correct Answer:
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