The is the third mieten Question 21 For purposes of not-for-pront (NFP) accounting, a primary distinction between a merger and an acquisition is None of the above. ina merger, both the target and acquiring NFPs are dissolved and a new organization is formed with a new governing board! Ina merger, the assets and liabilities of the target company are put on the acquirer's books at their fair value. In a merger, the target NFP is dissolved and only the acquiring company continues as an accounting entity. In a merger, the acquiring NFP is dissolved and only the target company continues as an accounting entity. Previous