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6. (TCO B) In a pooling of interests, (Points: 2) Revenues and expenses are consolidated for the entire fiscal year, even if the combination occurred

6. (TCO B) In a pooling of interests, (Points: 2)

Revenues and expenses are consolidated for the entire fiscal year, even if the combination occurred late in the year

Goodwill may be recognized

Consolidation is accomplished using the fair values of both companies

The transactions may involve the exchange of preferred stock or debt securities as well as common stock

The transaction is properly regarded as an acquisition of one company by another

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