Accounting · Corporate Accounting
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: A Congeneric or Product Extension merger adds a related product line to an existing one, leading to access to a larger consumer base. Reason R: A Congeneric merger occurs when companies operating in the same general market or sector with overlapping factors combine their technology, marketing, production processes, and research and development (R&D). In the light of the above statements, choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A is not correct but R is correct
- 2A is correct but R is not correct
- 3Both A and R are correct but R is NOT the correct explanation of A
- 4Both A and R are correct and R is the correct explanation of A✓
Correct answer
Both A and R are correct and R is the correct explanation of A
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Corporate Accounting MCQs →Want more practice questions on Corporate Accounting?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Corporate Accounting