Juliet Pty Ltd owns $100\%$ of the voting shares of Marley Pty Ltd$.$ Marley Pty Ltd owns $100\%$ of the voting shares of Butterscotch Pty Ltd$.$ In which of the following situations are consolidated financial statements not required to be produced by any of these companies?

a$.$ Juliet Pty Ltd is a small proprietary company based on consolidated assets and consolidated revenues.

b$.$ Marley Pty Ltd is a small proprietary company based on consolidated assets and consolidated revenues.

C$.$ Butterscotch Pty Ltd is a small proprietary company based on consolidated assets and consolidated revenues.

d$.$ all of the above.

What contingent liability is recognised by the acquirer as a liability assumed in a business combination even though it was unrecognised by the acquiree as a liability?

a$.$ a liability of uncertain timing or amount.

b$.$ a possible obligation $($or potential liability$)$ classified as a contingent liability.

c$.$ a present obligation $($a real liability$)$ that failed the recognition criteria for a liability and was classified as a contingent liability.

d$.$ both a$.$ and b$.$ are correct.