Last month, Keyser Design acquired all of the assets and liabilities of Tenor Machine Works. The combined firm is known as Keyser Design. Tenor Machine Works no longer exists as a separate entity. This acquisition is best described as a:
A) merger.
B) consolidation.
C) tender offer.
D) spinoff.
E) divestiture.

Question

Quizplus · Accepted Answer

This acquisition is best described as a merger because Keyser Design acquired all assets and liabilities of Tenor Machine Works, and Tenor Machine Works ceased to exist as a separate entity, becoming part of Keyser Design.

Last Month, Keyser Design Acquired All of the Assets and Liabilities