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Use the following statements to answer the question: I. A merger is the combination of...

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Accounting

Use the following statements to answer the question: I. A merger is the combination of two companies into a new entity. II. An amalgamation is the exchange of shares in the old companies for shares in the new entity.

a) I and II are both correct. b) I and II are both incorrect. c) I is correct and II is incorrect.

d) I is incorrect and II is correct.

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