Which of the following statements is true of a consolidation?

Multiple Choice

A)Two or more corporations combine such that one corporation absorbs another corporation, yielding a single surviving corporation.

B)One company splits into two, forming a second company, which is separately listed on the stock exchange.

C)Two or more corporations combine to form an entirely new corporation, with its own legal status.

D)One company acquires another public company, whose shares are listed on the stock exchange.