All Parent Entities Are Required to Present Consolidated Financial Statements

question 17

Multiple Choice

All parent entities are required to present consolidated financial statements unless the following conditions apply to them:
$\begin{array}{|l|l|}\hline \text { I. } & \text { The parent is a wholly owned subsidiary. } \\\hline \text { II. } & \begin{array}{l}\text { The parent is a partly owned subsidiary and its owners do not object to the } \\\text { non-presentation of consolidated financial statements. }\end{array} \\\hline \text { III. } & \text { The parent's debt or equity securities are traded in a public market. } \\\hline \text { IV. } & \begin{array}{l}\text { The parent is not in the process of applying to issue any securities in a } \\\text { public market. }\end{array} \\\hline\end{array}$

• A) I and II only
• B) I, II and III only
• C) I, II and IV only
• D) I, II, III and IV.

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