I humbly need help on this assignment and will kindly send the rest of the questions when answered please

CASE STUDY CONVEX Lid. is a new company that was established on 1" January, 2020 to oversee the production of coronavirus vaccines for Ghana, On 1" July, 2020, CONVEX Lid. acquired 75% shares in CONCAVE Lid., a pharmaceutical company, to speed up the vaccine production. As a new graduate from UGBS, CONVEX Lid. has employed you as their accountant. At a management meeting held, a number of issues were raised about how CONVEX Lid. should deal with its transactions and investment in CONCAVE Lid. and the need to conduct financial ratio analysis to determine the profitability and sustainability of CONCAVE Lid. In a memo to management, provide your views on how the following issues should be addressed. Issue A At the meeting, executive members could not agree on whether CONVEX Lid. should prepare and present both separate and consolidated financial statements. Some of the executive members raised issues that CONVEX Lid. does not need to prepare consolidated financial statements because it is simply an investment made in CONCAVE Lid. Again, others were of the view that CONVEX Lid. is neither a public company nor is it in the process of filing financial statements for the purpose of issuing shares or debt to the public. 5 marks Issue B Assuming there is the need for CONVEX Lid. to prepare consolidated financial statements and CONCAVE Lid. has presented its separate financial statement to CONVEX Lid., comment on how the following transactions between CONVEX Lid. and CONCAVE Lid. will be accounted for in the consolidated financial statements and explain to management the reason for the suggested treatment. (a)At the date of acquisition, the fair value of all the assets of CONVEX Lid. were the same as their carrying amounts with the exception of one of its equipment. This had a fair value of GHe2