Shale Oil Processing Corporation combines its assets and debts with those of Tierra Frakking Company to form United Resources,Inc. Shale and Tierra cease to exist.
-The formation of United Resources is

Question

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A consolidation occurs when two or more companies combine to form a new entity, and the original companies cease to exist, as is the case with Shale Oil Processing Corporation and Tierra Frakking Company forming United Resources, Inc.

Shale Oil Processing Corporation Combines Its Assets and Debts with Those