In one situation, Bennett Corporation combines with Corbett Enterprises, Inc. Bennett ceases to exist, and Corbett is

Question:

In one situation, Bennett Corporation combines with Corbett Enterprises, Inc. Bennett ceases to exist, and Corbett is the surviving firm. In another scenario, Global Corporation and Hometown Company combine. Afterward, Global and Hometown cease to exist entirely. Green Springs, Inc., a new firm, functions in their place. Which of these combinations is a merger and which is a consolidation?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

Fantastic news! We've Found the answer you've been seeking!