In a Pooling of Interests

Multiple Choice

In a pooling of interests,

A) revenues and expenses are consolidated for the entire fiscal year,even if the combination occurred late in the year.
B) goodwill may be recognized.
C) consolidation is accomplished using the fair values of both companies.
D) the transactions may involve the exchange of preferred stock or debt securities as well as common stock.
E) the transaction is properly regarded as an acquisition of one company by another.