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Farm Inc. combines its assets and liabilities with those of Grain Company to form Harvest Corporation. Farm and Grain cease to exist. With respect to

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Farm Inc. combines its assets and liabilities with those of Grain Company to form Harvest Corporation. Farm and Grain cease to exist. With respect to the liabilities of Farm and Grain. Harvest acquires none: only those acquired ofter the combination was proposed. an amount equal to the ratio of the firms' pre-merger market values. all

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