Which of the Following Is True of the Russian Mafia

question 66

Multiple Choice

Which of the following is true of the Russian mafia?

• A) The Russian mafia has also gone global, implicated in huge money-laundering schemes involving Russian and foreign banks.
• B) The new democratic government established crackdowns on the mafia's operations.
• C) Most mafia members were either imprisoned or forced to flee the country.
• D) The mafia operations that had been urban based under the Soviet system were now forced to operate in the rural areas.
• E) There was no effect.

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Definitions:

Sale

is the transaction between two parties where the ownership of goods, services, or assets is transferred from the seller to the buyer for a specified price.

Acquisition Differential

The difference between the purchase price of a subsidiary and the fair value of its identifiable net assets at the acquisition date, commonly known as goodwill.

Consolidated Equity

The total equity of a parent company and its subsidiaries after intercompany balances and transactions have been eliminated.

Equity Method

An accounting technique used in consolidating financial statements whereby an investment is initially recorded at cost and subsequently adjusted to reflect the investor's share of the investee's net income or losses.