Bus Corporation Exchanges Some of Its Shares for Some of the Shares

Multiple Choice

Bus Corporation exchanges some of its shares for some of the shares of Car Company. The exchange is used to create Drive Inc., whose business activity is to hold the shares of the two companies. Once the formalities are satisfied, a certificate of the exchange is issued by

A) Drive Inc.
B) none of the choices.
C) the appropriate state.
D) the U.S. Department of Commerce.