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Gnome Inc. acquires Dwarf Corp by exchanging Gnome stock for Dwarf stock owned by Dwarf's shareholders. Dwarf and Gnome then consolidate assets and liabilities by

Gnome Inc. acquires Dwarf Corp by exchanging Gnome stock for Dwarf stock owned by Dwarf's shareholders. Dwarf and Gnome then consolidate assets and liabilities by forming a new corporation in exchange for stock in the new corporation. This type of reorganization is known as a
Multiple choice question.
forward triangular Type A reorganization.
reverse triangular Type A reorganization.
statutory Type A reorganization.

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