• Which of the following statements is true regarding a statutory consolidation?
• A.The original companies dissolve while remaining as separate divisions of a newly created company.
• B.Both companies remain in existence as legal corporations with one corporation now a subsidiary of the acquiring company.
• C.The acquired company dissolves as a separate corporation and becomes a division of the acquiring company.
• D.The acquiring company acquires the stock of the acquired company as an investment.
• E.A statutory consolidation is no longer a legal option