Which of the Following Conditions Need NOT Be Met Before

question 52

Multiple Choice

Which of the following conditions need NOT be met before a parent company is not required to present consolidated financial statements for external reporting purposes?

• A) Its ultimate or any intermediate parent company produces financial statements available for public use and comply with IFRS.
• B) It does not have any debt or equity instruments traded in a public market.
• C) It has not filed, nor is in the process of filing, financial statements with a regulatory organization for the purposes of a public offering.
• D)It is a wholly-owned subsidiary of another entity and its other owner have not been informed about the parent not presenting consolidated financial statement.