ABC Created a New Company,XYZ,from Its Subsidiary Unit and Maintained

Multiple Choice

ABC created a new company,XYZ,from its subsidiary unit and maintained ownership of all of the shares in XYZ.When ABC felt market conditions were favorable,it did an IPO and sold 25 percent of its shares in XYZ.ABC has effectively completed

A) a reversal.
B) a divestiture.
C) an equity carve-out.
D) a spin-off.
E) a split-up.