The Following Is a Listing of Possible Sets of Financial $\quad$

The following is a listing of possible sets of financial statements:
I. $\quad$ Consolidated financial statements of parent entities (those with subsidiaries) - uses consolidation.
II. $\quad$ Separate financial statements of parent entities (single entity financial statements that report on the parent entity alone) .
III. $\quad$ Financial statements of entities that are not parents that apply equity accounting to investments in associates and jointly-controlled entities (single entity financial statements) .
IV. $\quad$ Separate financial statements of entities that are not parents that have investments in associates and jointly-controlled entities (single entity financial statements) - equity accounting not applied.
V. $\quad$ Financial statements of an entity that is not a parent and does not have investments in jointly controlled entities.Neither equity accounting nor consolidation applied.
-Which of the following best reflects the sets of financial statements to be included in the financial report of a public company that does not have investments in associates or jointly controlled entities?

A) II plus either I or III
B) I and II, or I
C) I only
D) Only I or II