All Parent Entities Are Required to Present Consolidated Statements Unless

All parent entities are required to present consolidated statements unless the following conditions apply to them:
I The parent is a wholly owned subsidiary.
II The parent is a partly owned subsidiary and its 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.