IFRS 10 states that a parent is not required to present consolidated financial statements for external reporting purposes if the parent meets certain conditions. Which of the following conditions is NOT correct?

Multiple Choice

• It does not have any debt or equity instruments traded in a public market.
• Its ultimate or any intermediate parent produces financial statements available for public use and that comply with IFRS in which subsidiaries are consolidated.
• It is a wholly-owned subsidiary of another entity and its other owners have been informed about the parent not presenting consolidated financial statement.
• It has filed, or is in the process of filing, financial statements with a regulatory organization for the purposes of a public offering.