On October 1, 2006, Poon Corporation acquired for cash all the outstanding common stock of Soong Company, which was not liquidated. Consolidated net income for the fiscal year ended December 31, 2006, includes net income of:

Question

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Poon Corporation's consolidated net income includes its own net income for the entire year and Soong Company's net income from the acquisition date (October 1, 2006) to the end of the fiscal year (December 31, 2006).

On October 1, 2006, Poon Corporation Acquired for Cash All