The process whereby a firm buys over the assets and liabilities of another firm is known as? by Sunday | Jul 30 | Commerce WAEC | 0 comments A. amalgamation B. cartel C. factoring D. holding E. combine Correct Answer: Option D – holding Users Also Read These:If the assets and liabilities of a firm were valued…Accounting term used to describe the excess of…The process whereby a firm directs its marketing…The difference between the total assets and total…The excess value of the assets of a business over…