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Which of the following examples accurately describes a difference in the types of business combinations? Multiple Choice A statutory merger can only be effected through
Which of the following examples accurately describes a difference in the types of business combinations?
Multiple Choice
- A statutory merger can only be effected through an asset acquisition while a statutory consolidation can only be effected through a capital stock acquisition.
- A statutory merger can only be effected through a capital stock acquisition while a statutory consolidation can only be effected through an asset acquisition.
- A statutory merger requires the dissolution of the acquired company while a statutory consolidation requires dissolution of the companies involved in the combination following the transfer of assets or stock to a newly formed entity.
- A statutory consolidation requires dissolution of the acquired company while a statutory merger does not require dissolution.
- Both a statutory merger and a statutory consolidation can only be effected through an asset acquisition but only a statutory consolidation requires dissolution of the acquired company.
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