Asked by Mckenna Grimm on Jul 16, 2024
Verified
A business combination is defined as:
A) a transaction in which an acquirer obtains control of an acquiree.
B) a transaction in which one entity obtains control of one or more other entities.
C) a transaction or other event in which an acquirer obtains control of one or more businesses.
D) a transaction or other event in which an entity obtains control of one or more businesses.
Business Combination
A transaction or event where an acquirer obtains control of one or more businesses.
- Define a business combination and identify the acquiring and acquired parties.
Verified Answer
MD
Maggie DonohueJul 23, 2024
Final Answer :
C
Explanation :
A business combination involves an acquirer obtaining control of one or more businesses. While answer choices A and B mention the term "control", they do not specifically refer to obtaining control of one or more businesses. Therefore, C is the best choice. Answer choice D is similar to C, but C is more specific in mentioning the acquisition of businesses.
Learning Objectives
- Define a business combination and identify the acquiring and acquired parties.