Through a certain transaction, Coffee Bean Cafés, Inc., acquires all of the shares of Deli Dining Corporation for some of Coffee Bean's shares. Both Coffee Bean and Deli Dining continue to exist. This is
A) a consolidation.
B) a share exchange.
C) a short-form merger.
D) a purchase of assets.

Question

Through a certain transaction, Coffee Bean Cafés, Inc., acquires all of the shares of Deli Dining Corporation for some of Coffee Bean's shares. Both Coffee Bean and Deli Dining continue to exist. This is​
A) ​a consolidation.
B) ​a share exchange.
C) ​a short-form merger.
D) ​a purchase of assets.

Quizplus · Accepted Answer

The Answer of Through a certain transaction, Coffee Bean Cafés, Inc., acquires all of the shares of Deli Dining Corporation for some of Coffee Bean's shares. Both Coffee Bean and Deli Dining continue to exist. This is​
A) ​a consolidation.
B) ​a share exchange.
C) ​a short-form merger.
D) ​a purchase of assets.

Through a Certain Transaction, Coffee Bean Cafés, Inc