All Parent Entities Are Required to Present Consolidated Financial Statements

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.