P Co paid

$170,000

to acquire all of S Co's net assets. S reported assets with a book value of

$189,000

and a fair value of

$206,000

and liabilities with a book value and fair value of

$48,000

on the date of the combination. P CO also paid

$8,000

to a search firm for finder's fees related to the acquisition. What amount will be recorded as an investment?\ Select one:\ a. 158,000\ b. 178,000\ C. 170,000\ d. 162,000

P Co paid $170,000 to acquire all of S Co's net assets. S reported assets with a book value of $189,000 and a fair value of $206,000 and liabilities with a book value and fair value of $48,000 on the date of the combination. P CO also paid $8,000 to a search firm for finder's fees related to the acquisition. What amount will be recorded as an investment? Select one: a. 158,000 b. 178,000 C. 170,000 d. 162,000