Which of the following is a condition that has to be met for an entity to be exempt the requirement to prepare consolidated financial statements?

Which of the following is a condition that has to be met for an entity to be exempt the requirement to prepare consolidated financial statements?
A . The parent entity’s debt or equity instruments are not traded in a public market.
B . The parent entity’s equity instruments are only traded in one country.
C . The parent’s equity has a nominal value of less than $1 million.
D . The parent’s net asset value is less than $1 million.

Answer: A