If two or more company come together and form anew company which takes over the assets and liabilities of the vendor companies it is called as
A)external reconstruction
B)Internal Reconstruction
C)absorption
D)Amalgamation

Question

Quizplus · Accepted Answer

Amalgamation is the process where two or more companies merge to form a new company, and this new entity takes over the assets and liabilities of the merging companies.

If Two or More Company Come Together and Form Anew