According to AASB 10 Consolidated Financial Statements,all parent entities are required to present consolidated statements unless which of the following conditions apply to them?
I The parent is a wholly owned subsidiary.
II The parent is a partly owned subsidiary and its other owners do not object to the non-presentation of consolidated financial statements.
III The parent's debt or equity securities are traded in a public market.
IV The parent is not in the process of applying to issue any securities in a public market.
A) I and II only
B) I,II and III only
C) I,II and IV only
D) I,II,III and IV
Correct Answer:
Verified
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