Question

Fact Patter 40-2
Ample Corporation combines its assets and debts with those of Xantha Corporation to form AXCorp.
Refer to Fact Pattern 40-2. AXCorp acquires
a. all of Ample's and Xantha's assets.
b. half of Ample's and Xantha's assets.
c. none of Ample's and Xantha's assets.
d. only assets that Ample and Xantha acquired after their combination was proposed.

Answer

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