In a business combination resulting in a parent company-subsidiary relationship, the parent company's Investment in Subsidiary Common Stock ledger account balance is:

a.

Eliminated with a working paper elimination for the working paper for consolidated balance sheet

b.

Displayed among noncurrent assets in the consolidated balance sheet

c.

Used as a basis for adjusting the subsidiary's asset and liability account balances in the subsidiary's ledger to current fair values

d.

Allocated to individual asset and liability ledger accounts in a parent company journal entry