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(100 marks)P Company is a manufacturer of sportswear founded two decades ago.Y Company is a manufacturer ofcasual wear and is renowned for its high quality
(100 marks)P Company is a manufacturer of sportswear founded two decades ago.Y Company is a manufacturer ofcasual wear and is renowned for its high quality of materials used in its production.Because of itsexpansion of business, P Company acquired 80% ownership interests of Y Company on 1 January 2019.Z Company is a retailer of contemporary fashion established ten years ago. For the sake of effectivelylaunching the casual wear products in the target market, Y Company acquired 70% ownership interests of ZCompany on 1 April 2020.X Company is an advertising company which specializes in the promotion oftrendy style clothing.On 1 January 2020, P Company acquired 25% interests of X Company
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