Question

characteristics of amalgamation​

Answer 1

Answer:

FEATURES OF AMALGAMATIONS  Two or more existing companies are liquidated.  A new company is formed to take over the business of liquidating companies.  The nature of business of existing companies is similar.  Liquidating companies are called vendor companies and the new company is called purchasing company.

Answer 2

Answer:

FEATURES OF AMALGAMATIONS  Two or more existing companies are liquidated.  A new company is formed to take over the business of liquidating companies.  The nature of business of existing companies is similar.  Liquidating companies are called vendor companies and the new company is called purchasing company.