A parent acquires all of the voting stock of a subsidiary. The acquisition cost is less than the fair value of the subsidiarys identifiable net assets. Which statement below is true concerning the consolidation working paper eliminations at the date of acquisition?

		Elimination (R) debits goodwill for the difference between acquisition cost and the fair value of the subsidiarys identifiable net assets.
		Elimination (E) credits investment for the book value of the subsidiary.
		Elimination (R) credits gain on acquisition for the difference between acquisition cost and the fair value of the subsidiarys identifiable net assets.
		Elimination (E) credits gain on acquisition for the difference between acquisition cost and the fair value of the subsidiarys identifiable net assets.