Between 1997 and 1999,what percent of the mergers used the pooling approach to account for the value of the companies' stocks?
A) 95%
B) 80%
C) 55%
D) 40%
E) 20%

Question

Quizplus · Accepted Answer

According to the passage, "By contrast, in 1997, only 10% of mergers used the pooling approach; by 1999, that percentage had fallen to 5%." This means that 90% of mergers in 1997 and 95% of mergers in 1999 did not use the pooling approach. Therefore, the answer is D) 40%.

Between 1997 and 1999,what Percent of the Mergers Used the Pooling