Question 11 0.5 points Save Answer AASB 10 requires each parent to prepare consolidated financial statements, with some limited exceptions. Which of the following is not a condition which would exempt a parent entity from preparing consolidated financial statements? The parent's debt or equity are not traded in a public market The parent is a partly owned subsidiary and its owners do not object to the non-presentation of consolidated financial statements O The parent is in the process of applying to issue any securities in a public market O The parent is a wholly owned subsidiary