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7. Company I, Inc., and Company II, Inc., are consolidating. Which of the following statements regarding this consolidation is true? A. Both companies disappear and

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7. Company I, Inc., and Company II, Inc., are consolidating. Which of the following statements regarding this consolidation is true? A. Both companies disappear and stop carrying on business. B. Both companies continue and carry on business as usual. C. One company disappears, and the other company carries on with both businesses. D. Both companies join and carry on business under a new name

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