The advantages of a company over a partnership and sole trader do not include which of the following? a. Members are able to sell their shares at any time to another person without having to obtain permission from the other members. b. A company has a legal existence distinct from its owners. C. A company is only entitled to raise small amounts of cash by issuing shares. d. Members are liable for only a limited amount of the company's debts. Unless a company has a legal right of set-off, AASB 112 Income Taxes, requires disclosure of which of the following information for deferred tax statement of financial position items? 1. The amount of deferred tax assets recognised. II. The amount of the deferred tax liabilities recognised. Ill. The net amount of the deferred tax assets and liabilities recognised IV. The amount of the deferred tax asset relating to tax losses. a. IV only b. lll and IV only cl, il and Ill only d. I ll and IV only