Multiple Choice
When a parent acquires 100% of the voting stock of a subsidiary, that subsidiary:
A) lives on as a separate legal entity
B) continues to exist as an accounting entity, but it ceases to exist in any legal form
C) ceases to exist as a separate legal entity, but it is still accounted for as a separate accounting entity
D) automatically becomes part of one large legal entity that consists of the parent and the subsidiary together
Correct Answer:
Verified
Correct Answer:
Verified
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