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Find and prepare consolidated financial statements

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Reference no: EM132616538

Problem 1: Juliet Ltd is a listed public company and has a 60% controlling interest in Marley Pty Ltd. Marley Pty Ltd is the parent of Butterscotch Pty Ltd. In which of the following situations will Marley Pty Ltd not be required to prepare consolidated financial statements?

Select one:

Option 1: Marley Pty Ltd would never be required to prepare consolidated financial statements

Option 2: Where it is likely that there are external users dependant on the information

Option 3: If the other owners of Marley Pty Ltd have consented to the non-preparation of consolidated financial statements

Option 4: If Marley Pty Ltd prepares separate financial statements that comply with IFRS.

Reference no: EM132616538

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