Assuming that the Proprietary Theory was applied, what would be the amount of Goodwill appearing on the Consolidated Balance Sheet on the date of acquisition, assuming that Parent purchased 80% of Sub Inc. for $180,000 on August 1, 2018?
A) $72,000
B) Nil
C) $88,000
D) Cannot be determined from the information given.
A) $72,000
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