Accounting · Corporate Accounting
What does the 'Absorption' of a company mean?
- 1Purchase of business from a foreign partner
- 2Sale of business to the public
- 3Liquidation of a company due to bankruptcy
- 4An existing company takes over another existing company, resulting in liquidation without formation of a new company✓
Correct answer
An existing company takes over another existing company, resulting in liquidation without formation of a new company
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