Assume that on January 1, 2010, P Company acquired all the outstanding stock (10,000 shares) of S Company for cash of $160,000. What journal entry would P Company make to record the shares of S Company acquired?

		a) Debit CS 160,000 / Credit Cash 160,000
		b) Debit Net Assets 160,000 / Credit Cash 160,000
		c) Debit Investment160,000 / Credit Cash 160,000
		d) None of the above