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A)  A company decides to give up a sea-face guest house valued at $ 2 million to the bank for the settlement of a loan which was overdue

Accounting Nov 20, 2020

A)  A company decides to give up a sea-face guest house valued at $ 2 million to the bank for the settlement of a loan which was overdue. This amounts to:

(a) Internal restructuring (b) External restructuring

(c) Demerger (d) Hive-off

(e) Spin-off (f) Asset sale

(g) Asset carve out

B. A company decides to suspend operations in a loss-making manufacturing division and transfer all the assets of that division to another profit-making division. This amounts to:

(a) Internal restructuring (b) External restructuring

(c) Demerger (d) Hive-off

(e) Spin-off (f) Asset sale

(g) Asset carve out

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