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1. Income from an acquired subsidiary should be reported by the acquirer from the date of acquisition onwards 2. A pro forma disclosure is required
1. Income from an acquired subsidiary should be reported by the acquirer from the date of acquisition onwards
2. A pro forma disclosure is required by an acquirer of revenues and income as if the acquisition had occurred as of the first day of the prior year.
please answer questions 1-2 using FASB Codes
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