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Question # 2: a) How is a parent-subsidiary relationship identified as per IAS27? Explain your answer with all necessary accounting provisions for the recording of a parent- subsidiary financial statements with the help of assumed accounting values. (5 Marks) b) "To ensure timely and accurate corporate financial reporting and analysis not only helps you to better understand the performance of your business, but also helps you to recognize business opportunities to make the right decisions for future growth". Discuss this statement