General Accounting Question:

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What is meant by spin-off?

Accounting General Interview Question
Accounting General Interview Question

Answers:

Answer #1
Spin off is creating new company by selling or distributing
the shares of existing company

Answer #2
Spin off is creating a new company by giving a department or segment from existing company to the new company. In return, the new company shares gets allotted to the shareholders of the first company.

Answer #3
A spin off occurs when a publicly traded company sell its part and distribute new shares to form a new independent company of which shares are issues first to existing shareholder before offering to new investor in the market

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