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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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