Winding up is the process by which corporate assets are valued before a merger or other plan of consolidation.

Question

Quizplus · Accepted Answer

Winding up is actually the process by which a company is liquidated and its operations are brought to an end. It involves selling off assets, paying off creditors, and distributing remaining funds to shareholders. Valuing corporate assets before a merger or consolidation would more likely involve a process called due diligence.

Winding Up Is the Process by Which Corporate Assets Are