AASB 10/IFRS 10 Consolidated Financial Statements Defines a 'Parent' and a 'Subsidiary

AASB 10/IFRS 10 Consolidated Financial Statements defines a 'parent' and a 'subsidiary' as which of the following? $\begin{array}{|l|l|l|}\hline & \text { Parent } & \text { Subsidiary } \\\hline \text { I. } & \text { An entity which is controlled by another entity. } & \text { An entity that controls one or more entities. } \\\hline \text { II. } & \text { An entity that controls one or more entities. } & \text { An entity which is controlled by another entity. } \\\hline \text { III. } & \begin{array}{l}\text { An entity which owns more than } 20 \% \text { of the voting } \\\text { shares of another entity. }\end{array} & \text { An entity which is owned partly by another entity. } \\\hline \text { IV. } & \text { An entity that has one or more subsidiaries. } & \text { An entity which is controlled by a parent entity. } \\\hline\end{array}$

A) I.
B) II.
C) III.
D) IV.