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