A Inc Purchased 100% of B Inc's Voting Shares for Cash

Multiple Choice

A Inc purchased 100% of B Inc's voting shares for cash on January 1,20X1.The Assets and Liabilities reported Consolidated Balance Sheet of A Inc prepared on the date of acquisition will include

A) The book value of A's assets and liabilities plus the book value of B's assets and liabilities.
B) The fair market value of A's assets and liabilities plus the book value of B's assets and liabilities.
C) The book value of A's assets and liabilities plus the fair market value of B's assets and liabilities.
D) The fair market value of A's assets and liabilities plus the fair market value of B's assets and liabilities.