Increasingly Jamaican firms have been establishing conglomerates. Firms with subsidiaries must adhere to international accounting standards in reporting the results of their operations. Prepare a paper using the APA format to discuss the following: A. How is it determined whether a company is a subsidiary undertaking of another company? (2.5 marks) B. Explain the benefits that accrue to an investor in a parent undertaking which uses Consolidated Financial Statements? (2.5 marks) C. Discuss SEVEN (7) of the procedures which should be followed in preparing Consolidated Financial Statements, according to IAS 27