After the Collapse of the Soviet Union

question 37

Multiple Choice

After the collapse of the Soviet Union,

• A) NATO disbanded.
• B) communism continued to dominate Eastern Europe.
• C) the Warsaw Pact was strengthened.
• D) the number of independent states in Europe increased.
• E) the influence of the European Union dwindled to nearly nothing.

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Definitions:

Prepaid Expenses

Expenses paid in advance for goods or services, which are recognized as assets until they are consumed or the term of use expires.

Bonds Issued

Long-term securities issued by corporations or governments to raise capital, with a promise to pay back with interest.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of a company.

Cash Flow

The net amount of cash and cash equivalents being transferred into and out of a business.