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The consolidations process occurs when a new company is established, to which the assets and activities...

The consolidations process occurs when a new company is established, to which the assets and activities of two or more existing companies are transferred, resulting in the liquidation and elimination of the companies involved in the consolidation.TRUE/FALSE

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Answer:

TRUE

Reason: In Consolidations different ventures comes together and create better and strong venture. When a New Company is Established, all the companies involved will Ceased to Exist.

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