0/44/de/secured lodowi Question 5 15 pts Shiny Ltd originally owned 100% of the shares in HRL but has sold down its interests. Shiny Ltd has purchased call options from Bakly Led, which if exercised, would give Shiny Ltd 55% of the shares in HRL. These options require Shiny to pay $15 per HRI share, if the option is exercised. The share price of HR over the last year has been trading between 58 and $12 per share. It is expected to remain in this range for the foreseeable future. Baldy Ltd owns 10% of the shares of Hair Restorers Ltd (HR). Twenty percent of the shares are held by a number of small shareholders. The remaining 40% of the shares are held equally by Shiny Ltd and Light Bulb led Required: You work as an accountant at Shiny Ltd. Discuss whether your company should consolidate HRL. You must argue your case based on the tests in AASB 10. Consolidated Financial Statements. HTML Editor Activate Windows Settings tocate Window BIVA Proctoris sharing your screen Stop sharing Hide Paragraph DENG 11:06 AM 3/11/2020 o MacBook Air 0/44/de/secured lodowi Question 5 15 pts Shiny Ltd originally owned 100% of the shares in HRL but has sold down its interests. Shiny Ltd has purchased call options from Bakly Led, which if exercised, would give Shiny Ltd 55% of the shares in HRL. These options require Shiny to pay $15 per HRI share, if the option is exercised. The share price of HR over the last year has been trading between 58 and $12 per share. It is expected to remain in this range for the foreseeable future. Baldy Ltd owns 10% of the shares of Hair Restorers Ltd (HR). Twenty percent of the shares are held by a number of small shareholders. The remaining 40% of the shares are held equally by Shiny Ltd and Light Bulb led Required: You work as an accountant at Shiny Ltd. Discuss whether your company should consolidate HRL. You must argue your case based on the tests in AASB 10. Consolidated Financial Statements. HTML Editor Activate Windows Settings tocate Window BIVA Proctoris sharing your screen Stop sharing Hide Paragraph DENG 11:06 AM 3/11/2020 o MacBook Air