Multiple Choice
Outlook Inc. merges with Pinnacle Inc. Only Pinnacle remains. Outlook owed money to Quest Bank and other creditors. With respect to these debts, in the merger Pinnacle assumes
A) none.
B) only those incurred after the merger was proposed.
C) an amount equal to the ratio of the firms' pre-merger market values.
D) all.
Correct Answer:
Verified
Correct Answer:
Verified
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