In a consolidation,the surviving or consolidated corporation compensates shareholders of the corporation that no longer exists.

Name: In a consolidation,the surviving or consolidated corporation compensates shareholders of the corporation that no longer exists.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

In a consolidation, the surviving corporation absorbs the assets and liabilities of the corporation that no longer exists and compensates its shareholders through the issuance of new shares or cash.

In a Consolidation,the Surviving or Consolidated Corporation Compensates Shareholders of the Corporation