Multiple Choice
Farm Inc. combines its assets and liabilities with those of Grain Company to form Harvest Corporation. Farm and Grain cease to exist. With respect to the liabilities of Farm and Grain, Harvest acquires
A) none.
B) only those acquired after the combination 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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