When a sale of assets amounts to what in fact is a consolidation,the ac-quiring corporation inherits the selling corporation's liabilities.

Name: When a sale of assets amounts to what in fact is a consolidation,the ac-quiring corporation inherits the selling corporation's liabilities.
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Question

Quizplus · Accepted Answer

In a consolidation, the acquiring corporation takes over not only the assets but also the liabilities of the selling corporation. Therefore, the statement is true.

When a Sale of Assets Amounts to What in Fact