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Which of the following is true only of a consolidation? a. More than two firms are involved in the combination b. One party to the

Which of the following is true only of a consolidation?

a.

More than two firms are involved in the combination

b.

One party to the combination disappears

c.

All parties to the combination disappear

d.

The entity resulting from the combination assumes ownership of the assets and liabilities of the

acquiring firm only.

e.

One company becomes a wholly owned subsidiary of the other.

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