According to GAAP, the Pooling of Interest Method for Business

Multiple Choice

According to GAAP, 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.