We show that the solar intensity-velocity cross spectrum provides a sensiti
ve diagnostic for the interaction between the oscillatory and nonoscillator
y components of the solar velocity and intensity signals. In particular, we
demonstrate that to simultaneously model the V and I power spectra, the I-
V coherence spectrum, and the I-V phase difference spectrum requires a cohe
rent, correlated background signal and a coherent, uncorrelated signal in b
oth intensity and velocity. We speculate that these signals may be related
to the "acoustic events" observed recently by Goode and colleagues. We also
show why caution should be exercised in the interpretation of model fit pa
rameters based only on measurements of the velocity or intensity power spec
tra, or both: specifically, the parameters associated with the oscillation
source characteristics.