A. What is the purpose of Consolidated Financial Statements? (2 marks) B. Explain the following terms used in accounting for groups: i. Parent (1 mark) ii. Subsidiary (I mark) iii. Group (I mark) iv. Control (I mark) v. Non-controlling interest (I mark) C. What is the difference between a subsidiary, an associate, and an investment? (4 marks) D. How should subsidiaries and associates be recognized in the books of the parent company? ( 9 marks)