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Which of the following situations best describes a business combination to be accounted for as a merger?Select one:a . Two companies combine to form a

Which of the following situations best describes a business combination to be accounted for as a merger?Select one:a. Two companies combine to form a new third company, and the original two companies are dissolved.b. One company transfers assets to another company it has createdc.Both companies in a combination continue to operate as separate, but related, legal entities.d.Only one of the combining companies survives and the other loses its separate identity

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