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In a merger of Gotchas into Solis, Inc, Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $100. Gotchas is valued at $40
In a merger of Gotchas into Solis, Inc, Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $100. Gotchas is valued at $40 per share and Solis at $3.50 per share. Who is the acquirer in the reorganization? A. Rebecca B. Gotchas C. Solis D. None
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