Choice "B" is correct. The combination of Gearty Village and Olinto Parish is a merger. Governmental mergers are defined as a combination of legally separate entities without the exchange of significant consideration resulting in the elimination of an entity or entities and either the continuation of a single merged entity or the creation of a new government. Transactions are measured at their carrying value at the merger date.Choice "d" is incorrect. The combination of Gearty Village and Olinto Parish is a merger, not an acquisition. Acquisitions are defined as the acquisition of one legally separate entity by another in exchange for significant consideration. Transactions are valued at their acquisition value.Choice "a" is incorrect. The combination of Gearty Village and Olinto Parish is a merger, not a transfer. A transfer is a combination of government activities less than a legal entity.Choice "c" is incorrect. The combination of Gearty Village and Olinto Parish is a merger, not a mixture of transfers and disposals amongst the dissolved and surviving entities.