General Accounting Question:
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What is meant by spin-off?
Answers:
Answer #1Spin off is creating new company by selling or distributing
the shares of existing company
the shares of existing company
Answer #2Spin 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 #3A 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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