1. Explain how the investor can control the investee in accordance with HKFRS 10. Brief elaboration is required. ii. Explain how the investor can exercise 'significant influence over investee under HKAS 28. Brief elaboration is required. Part b On 1 January 2020, ABC Ltd acquired 25% of the ordinary share capital of DEF Ltd at a cost of $1 million. During the year to 31 December 2020, DEF Ltd made a profit after tax of $84,000 and paid the ordinary dividend of $54,000. Required > Calculate the amount of investment in associate' (DEF Ltd) shown in the group financial statement of ABC Group for the year ended 31 December 2020 under the 'Equity method'. (Due date of submission to Moodle: 2359 on Mar 30, 2021)