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Paul's Plumbing acquired Smithtown Distributors on January 15, 20X8. Pansy's Flowers acquired Sam's Farm on January 1, 20X7. In the 12/31/X7 financial statements filed with

Paul's Plumbing acquired Smithtown Distributors on January 15, 20X8. Pansy's Flowers acquired Sam's Farm on January 1, 20X7. In the 12/31/X7 financial statements filed with the SEC, Paul's Plumbing included a Pro Forma disclosure and Pansy's Flowers did not. If both acquisitions account for 100% of the common stock of the company acquired and are considered to be material, then can both filings be considered proper?

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