(Answered) Question - corporate reorganizations take place very often

Accounting

Question - Corporate reorganizations take place very often. A most recent one you've probably heard of was when Worldcom became MCI, the name of its most famous subsidiary. And MCI was recently rumored to be again part of yet another reorganization. Yet we rarely hear of these things called 'corporate reorganizations'. Maybe we're just too intimidated by the complexity. Or maybe we just don't understand them. Discuss:

What is a corporate reorganization? What are the three types of divisive reorganizations? What is continuity of interest, and why is it important?

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