Which of the Following Is Not True About the Events

question 15

Multiple Choice

Which of the following is not true about the events that occurred in the Soviet Union in December 1991?

• A) Boris Yeltsin was president of the Russian Republic.
• B) The Soviet Union was replaced by the Commonwealth of Independent States.
• C) Gorbachev resigned and turned over his power as commander-in-chief to Yeltsin.
• D) The Congress of People's Deputies denied Yeltsin the temporary power to rule by decree.
• E) One of the largest empires in history came to an end.

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuer, not considered when calculating earnings per share or dividends.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to shareholders, often reinvested in the business.

Dividend Restrictions

Limitations or rules imposed on a corporation's ability to pay dividends to shareholders, often due to legal, contractual, or financial conditions.

Public Corporations

Companies that have issued securities through an initial public offering (IPO) and are traded on at least one stock exchange or in over-the-counter markets.