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Question
When an existing company takes over the business of one or more existing companies, it is called _____________.
When an existing company takes over the business of one or more existing companies, it is called _____________.
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Solution
The correct option is A Absorption
The process in which two or more than companies are wound up to form a new company, which acquires their business is known as Amalgamation. The process in which one company takes over the other company is known as Absorption.
The process in which two or more than companies are wound up to form a new company, which acquires their business is known as Amalgamation. The process in which one company takes over the other company is known as Absorption.
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