Accounting · Amalgamation
The amalgamation of companies fundamentally involves which of the following operations?
- 1Liquidation of existing companies to combine into a new or surviving entity✓
- 2Internal reconstruction of a single corporate entity
- 3Liquidation of a company without any successor entity
- 4Starting a completely unrelated new business
Correct answer
Liquidation of existing companies to combine into a new or surviving entity
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