When two or more companies carrying on similar business decide to comb – McqOptions

MCQOPTIONS

1.	When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as ..................
A.	amalgamation
B.	absorption
C.	absorption
D.	absorption
Answer» B. absorption

Discussion

No Comment Found

Related MCQs

When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as ..................
Shares received from the new company are recorded at -
If the intrinsic values of shares exchanged are not equal, the difference is paid in ...........
If amalgamation is in the ..............., the General Reserve or Profit and Loss A/c balance will not be shown in the balance sheet
The Amalgamation Adjustment Account appears in the books, it is shown under the heading of ......... in the balance sheet.
In case of .............., one existing company takes over the business of another company and no new company is formed