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Fact Pattern 31-1 Outlook Inc

Question 40

Multiple Choice

Fact Pattern 31-1 Outlook Inc. merges with Pinnacle Inc. Only Pinnacle remains.
Refer to Fact Pattern 31-1. Outlook owed money to Quest Bank and other creditors. With respect to these liabilities, in the merger Pinnacle assumes


A) none of Outlook ' s liabilities.
B) only those liabilities incurred after the merger was proposed.
C) an amount of liability equal to the ratio of the firms' pre-merger market values.
D) all of Outlook ' s liabilities.

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