Company P acquired the net assets of Company S in exchange for cash. The acquisition price exceeds the fair value of the net assets acquired. How should Company P determine the amounts to be reported for the plant and equipment, and for long term debt of the acquired Company S?

A. Fair value for the plant and equipment and Ss carrying amount for long term debt

B. Ss carrying amount for the plant and equipment and Ss carrying amount for long term debt

C. Ss carrying amount for the plant and equipment and fair value for long term debt

D. Fair value for the plant and equipment and fair value for long term debt