Company A released financial statements for year end 2021. The financial statements included a note of a significant event. The note stated, "During the year we acquired all the net assets of company B. This event is reflected in the presented financial statements." Based on this information, what type of business combination occurred on the date these two companies combined?

A)Statuatory Merger

B)Statuatory Consolidation

C)Statuatory Acquisition

D)Hostile Takeover