P Company purchased 100% of the voting stock of S Company for $300,000 in cash. Assuming P Company purchased S Company at its book value, one part of the work sheet elimination entry at acquisition date is to:

a. credit Stockholders' Equity for $300,000.
b. debit Cash for $300,000
c. credit Investment in the Company for $300,000.
d. debit Investment in the Company for $300,000.

The answer Icame up with is (c). Am I correct or not? Please repond.. Thanks

I choose (c). For the answer but I do not know if it is correct or not.
Does anyone else have an idea about the answer to this question.
I thought this was a help desk forum from real experts on live answers.
I noticed that my questions for the past two days have been deleted? Why?

Thanks!