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d. 26,000 Company Pacquired the net assets of Company S in exchange for cash. The acquisition price exceeds the fair value of the net assets

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d. 26,000 Company Pacquired 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 the long-term debt of the acquired Company S? Select one: a S's carrying amount for the plant and equipment and S's carrying amount for long-term debt Fair value for the plant and equipment and S's carrying amount for long-term debt s's carrying amount for the plant and equipment and fair value for long-term debt ed Fair value for the plant and equipment and fair value for long-term debt

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