Explain has duja pharm company acquired business

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Question: Duja pharm co. acquires the outstanding shares of Jiang tech, whose operations include in-process R&D activities on several development stage drugs. Duja pharm co. also acquires Jiang tech corporate headquarters, a research lab and testing equipment as well as Jiang tech scientists with the necessary skills, knowledge or experience to continue to perform R&D activities. Jian tech is not generating any revenues. Has Duja pharm co. acquired business? Explain

Reference no: EM133298394

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