Which of the Following Statements Is Not Correct

Multiple Choice

Which of the following statements is not correct?

A) All entities eligible to apply the reduced disclosure requirements under Australian Accounting Standards are exempt from having to prepare consolidated financial statements.
B) The AASB has inserted additional Australian specific paragraphs into AASB 10 to provide relief for certain entities who apply the reduced disclosure requirements from having to prepare consolidated financial statements
C) The AASB has inserted additional Australian specific paragraphs into AASB 10 to require reporting entities to apply the requirements of AASB 10.
D) All listed entities are required to apply AASB 10.