On the Date of Formation of a 100% Owned Subsidiary

On the date of formation of a 100% owned subsidiary by the parent:

A) it is possible to prepare consolidated financial statements that include all the assets and liabilities of the subsidiary..
B) consolidated financial statements are difficult to prepare because the assets and liabilities of the subsidiary have yet to be determined)
C) consolidation requires the elimination of the parent's investment account against the subsidiaries share capital..
D) none of the above is applicable.