Combinations is merger and which is consolidation

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Reference no: EM131485970

In one situation, Bennett Corporation combines with Corbett Enterprises, Inc. Bennett ceases to exist, and Corbett is the surviving firm. In another scenario, Global Corporation and Hometown Company combine. Afterward, Global and Hometown cease to exist entirely. Green Springs, In., a new firm, functions in their place. Which of this combinations is a merger and which is a consolidation?

Reference no: EM131485970

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