Problem
1. Firm A and B are exactly the same size as are Firm C and Firm D. Firm A acquires for cash 100 percent of the common stock of Firm C; Firm B acquires 100 percent of Firm D by exchanging one share of its own stock for each share of common stock of Firm D. Are there differences in relevant circumstances between these two transactions? Explain.
2. How do Lev's views on disclosure differ from the views of Brownlee and Young?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.