When a sale of assets amounts to what in effect is a consolidation, the ac?quiring corporation does not inherit the selling corporation's liabilities.

Name: When a sale of assets amounts to what in effect is a consolidation, the ac?quiring corporation does not inherit the selling corporation's liabilities.
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Question

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In a consolidation, the acquiring corporation typically assumes the liabilities of the selling corporation as part of the transaction.

When a Sale of Assets Amounts to What in Effect