Economics · Corporate Accounting & Corporate Restructuring
State whether the following statements regarding corporate restructuring are true or false: 1. In external reconstruction, a new company is formed to take over the business of an existing liquidating company. 2. In amalgamation, the existing companies that are absorbed or merged are called vendor companies. 3. Internal reconstruction necessarily involves the winding up of the company concerned.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3 are true
- 21 and 3 are true, but 2 is false
- 31, 2 and 3 are false
- 41 and 2 are true, but 3 is false✓
Correct answer
1 and 2 are true, but 3 is false
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