P Company created a subsidiary S Company through internal expansion, and transferred the following net assets to the new company in exchange for 10,000 shares of S's newly issued $5 par common stock.
	P Company P Company
	Book Values	Market Values
Cash	290,000	290,000
Inventory	100,000	90,000
Land	100,000	140,000
Plant & Equipment	400,000	300,000
Accumulated Depreciation	150,000
Current Liabilities	80,000	80,000
Bonds Payable	50,000	51,000
Premium on Bonds Payable	1,000

The journal entry that S would make to record this transaction would include a

		Debit to plant and equipment of 250,000
		Debit to accumulated depreciation of 150,000
		Debit to plant and equipment of 400,000 and credit to accumulated depreciation $150,000.
		Debit to plant and equipment of 300,000

P Company created a subsidiary S Company through internal expansion, and transferred the following net assets to the new company in exchange for 10,000 shares of S's newly issued $5 par common stock.
	P Company P Company
	Book Values	Market Values
Cash	290,000	290,000
Inventory	100,000	90,000
Land	100,000	140,000
Plant & Equipment	400,000	300,000
Accumulated Depreciation	150,000
Current Liabilities	80,000	80,000
Bonds Payable	50,000	51,000
Premium on Bonds Payable	1,000

The journal entry that P would make to record this transaction would include a

		Debit to land of 140,000
		Debit to land of 100,000
		Credit to land of 140,000
		Credit to land of 100,000

Company A transfers assets and liabilities to a newly created subsidiary, Company B.

Company A records the transaction in a journal entry.

Which of the following items would NOT appear in Company A's journal entry?

		Debit to liabilities
		Credit to assets
		Debit to Investment in B Stock
		Credit to liabilities