The process of settling the accounts and liquidating the assets of a corporation is called:

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Dissolution is the process of bringing a corporation to an end and settling its affairs. This involves liquidating the company's assets, paying off its debts and distributing any remaining assets among its shareholders. It is the formal process of closing down a corporation, terminating its legal existence, and canceling its charter. The other options do not accurately describe the process of settling the accounts and liquidating the assets of a corporation.

The Process of Settling the Accounts and Liquidating the Assets