According to SFAS No

question 52

Multiple Choice

According to SFAS No.141,the pooling of interest method for business combinations

• A)Is preferred to the purchase method.
• B)Is allowed for all new acquisitions.
• C)Is no longer allowed for business combinations after June 30,2001.
• D)Is no longer allowed for business combinations after December 31,2001.
• E)Is only allowed for large corporate mergers like Exxon and Mobil.

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Definitions:

Gamal Abdul Nasser

An Egyptian military officer and statesman who served as the second President of Egypt from 1954 until his death in 1970, known for his nationalist policies and his key role in the pan-Arab movement.

Aswan Dam Project

Refers to the construction of two dams on the Nile River in Egypt, with the most notable being the Aswan High Dam, which was completed in 1970 to control floods, provide increased water storage for irrigation, and generate hydroelectric power.

Neutrality

The state or position of not supporting or helping either side in a conflict, disagreement, etc., particularly in the context of countries during wartime.

People's Republic of China

A sovereign state in East Asia, established in 1949, governed by the Communist Party of China, with Beijing as its capital.