When Consolidating the Balance Sheets of a Parent and Its

When consolidating the balance sheets of a parent and its subsidiary at the date of acquisition, the overall effect of consolidation eliminating entries is to:

A) Remove the full balance of the parent's investment account and the subsidiary's equity accounts.
B) Remove the book value of the parent's investment account, the subsidiary's capital stock accounts, and revalue the subsidiary's tangible assets to fair value.
C) Remove the subsidiary's equity accounts and revalue the subsidiary's assets and liabilities to fair value.
D) Remove the full balance of the parent's investment account and the subsidiary's equity accounts and adjust the subsidiary's assets and liabilities to fair value at the date of acquisition.