Q2.

 

     

You are the financial controller of Epsilon, a listed entity with a number of subsidiaries. The consolida Epsilon for the year ended 31 March 20X5 are currently being prepared. One of the directors of Epsi which have arisen as a result of her review of the draft consolidated financial statements. The following exhibits, available on the left-hand side of the screen, provide information relevant to 1. New subsidiary - the financial statements of Newby. 2. Investment - details of an equity investment. 3. Measurement change - details of a change in measurement method of inventory. This information should be used to answer the question requirements within the response option p