A company has purchased 80% of another company. If the proportional consolidation method is used, the consolidated balance sheet on the date of acquisition will contain:

A. 100% of the subsidiary's assets and liabilities at fair value.

b.the parent's share of the subsidiary's assets and liabilities at book value.

c.100% of the subsidiary's assets and liabilities at book value.

d.the parent's share of the subsidiary's assets and liabilities at fair value.