Multiple Choice
Fact Pattern 41-2
Shale Oil Corporation combines its assets and debts with those of Tierra Frakking Company to form Unified Resources, Inc. Shale and Tierra cease to exist.
-Refer to Fact Pattern 41-2. The formation of Unified Resources is
A) a consolidation.
B) a merger.
C) a purchase of assets.
D) a share exchange.
Correct Answer:
Verified
Correct Answer:
Verified
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