Question: ( ii ) What would be the result if the assets of Seafaring consisted of a warehouse and dock facilities in Seattle, and the assets

(

)

What would be the result if the assets of Seafaring consisted of a warehouse and dock facilities in Seattle, and the assets of Seafreighters consisted of such facilities in Baltimore? Seafaring operated a shipping business solely on the West Coast, and Seafreighters operated a shipping business solely on the East Coast.

What result would you reach if the East Coast activities had been operated by Barge for

25

years; but the West Coast activities, which were developed from funds generated by Barge from its East Coast operations, had been operated for only three years prior to the distribution?

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