Given a text T, and several options, according to the question posed in the text T to choose the most appropriate option from the options as the answer, please directly output the most appropriate option, do not need to output the explanation.

Percy Byron, CFA, is an equity analyst with a UK-based investment firm. One firm Byron follows is NinMount PLC, a UK-based company. On 31 December 2008, NinMount paid ￡320 million to purchase a 50 percent stake in Boswell Company. The excess of the purchase price over the fair value of Boswell's net assets was attributable to previously unrecorded licenses. These licenses were estimated to have an economic life of six years. The fair value of Boswell's assets and liabilities other than licenses was equal to their recorded book values. NinMount and Boswell both use the pound sterling as their reporting currency and prepare their financial statements in accordance with IFRS. Byron is concerned whether the investment should affect his “buy” rating on NinMount common stock. He knows NinMount could choose one of several accounting methods to report the results of its investment, but NinMount has not announced which method it will use. Byron forecasts that both companies' 2009 financial results (excluding any merger accounting adjustments) will be identical to those of 2008. NinMount's and Boswell's condensed income statements for the year ended 31 December 2008, and condensed balance sheets at 31 December 2008, are presented in Exhibits 1 and 2, respectively.
| Exhibit 1.N in Mount PLC and Boswell Company Income Statements for the Year |
| Ended 31 December 2008(E Millions) |
| N in Mount | Boswell |
| Net sales | 950 | 510 |
| Cost of goods sold | (495) | (305) |
| Selling expenses | (50) | (15) |
| Administrative expenses | (136) | (49) |
| Depreciation&amortization expense | (102) | (92) |
| Interest expense | (42) | (32) |
| Income before taxes | 125 | 17 |
| Income tax expense | (50) | (7) |
| Net income | 75 | 10 |



| Exhibit 2.N in Mount PLC and Boswell Company Balance Sheets at 31 December 2008 |
| N in Mount | Boswell |
| Cash | 50 | 20 |
| Receivables—net | 70 | 45 |
| Inventory | 130 | 75 |
| Total current assets | 250 | 140 |
| Property， plant， &equipment net | 1，570 | 930 |
| Investment in Boswell | 320 |  |
| Total assets | 2，140 | 1，070 |
| Current liabilities | 110 | 90 |
| Long-term debt | 600 | 400 |
| Total liabilities | 710 | 490 |
| Common stock | 850 | 535 |
| Retained earnings | 580 | 45 |



| Inventory | 130 | 75 |
| Total current assets | 250 | 140 |
| Property， plant， &equipment—net | 1，570 | 930 |
| Investment in Boswell | 320 |  |
| Total assets | 2，140 | 1，070 |
| Current liabilities | 110 | 90 |
| Long-term debt | 600 | 400 |
| Total liabilities | 710 | 490 |
| Common stock | 850 | 535 |
| Retained earnings | 580 | 45 |
| Total equity | 1，430 | 580 |
| Total liabilities and equity | 2，140 | 1，070 |
| Note：Balance sheets reflect the purchase price paid by N in Mount， but do not yet consider the |


 
NinMount's long-term debt to equity ratio on 31 December 2008 most likely will be lowest if the results of the acquisition are reported using:
Option A:the equity method.
Option B:consolidation with full goodwill.
Option C:consolidation with partial goodwill

Answer: A