QUESTION 12 Major buys 100% of Small on July 1, Year 1. Both companies have December 31 year ends. Which of the following is true regarding how the revenues of Small are treated in the consolidated income statements for Years 1 and 2? Year 1 will have zero Small revenues, and Year 2 will have a full year's revenues b. Year 1 will have 6 months of Small's revenues; Year 2 will have a year's revenues Both Years 1 and 2 will show 12 months of Small's revenues None of the above