B-Sharp Corporation and Coding Company wish to combine all assets, stock, and personnel into a new firm to be called DigiSongs Inc. This is
A) a consolidation.
B) a merger.
C) a share exchange.
D) a takeover.

Question

B-Sharp Corporation and Coding Company wish to combine all assets, stock, and personnel into a new firm to be called DigiSongs Inc. This is​
A) ​a consolidation.
B) ​a merger.
C) ​a share exchange.
D) ​a takeover.

Quizplus · Accepted Answer

A consolidation occurs when two or more companies combine to form a completely new entity, as described in the scenario where B-Sharp Corporation and Coding Company are forming DigiSongs Inc.

B-Sharp Corporation and Coding Company Wish to Combine All Assets