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Questions and Answers
What is the term for the process of converting a company's assets into cash to pay off its debts?
What is the term for the process of converting a company's assets into cash to pay off its debts?
- Incorporation
- Dissolution
- Liquidation (correct)
- Amalgamation
Which of the following refers to the combining of two or more companies into a single new company?
Which of the following refers to the combining of two or more companies into a single new company?
- Dissolution
- Liquidation
- Incorporation
- Amalgamation (correct)
What is the process called when a company is brought to an end?
What is the process called when a company is brought to an end?
- Dissolution (correct)
- Liquidation
- Incorporation
- Amalgamation
