13. Company P acquired the assets (net of liabilities) 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...

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Extracted text: 13. Company P acquired the assets (net of liabilities) 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 long-term debt of the acquired Company S? Plant and Equipment Long-term Debt S's carrying amount a. Fair value b. Fair value Fair value c. S's carrying amount Fair value d. S's carrying amount S's carrying amount