Company Y purchases a controlling interest in Company Z on January 1, 2019. Which of the following would appear as the Shareholders' Equity amount on Company Y's Consolidated Balance Sheet on the date of acquisition?

Multiple Choice

• Company Y's Shareholders' Equity.

• The sum of the Shareholders' Equity of both companies.

• Company Y's Shareholders' Equity as well as Company Y's proportional share of Company Z's net assets at book value.

• Company Y's Shareholders' Equity as well as Company Y's proportional share of Company Z's net assets at fair market value.