4. Consolidated Cash Flow Statements generally made after the Consolidated Statement of Financial Position, Consolidated Statement of Comprehensive Income and Statement of Changes in Equity. All the inter- related transactions will be eliminated between the holdings and the subsidiary in the Consolidated Cash Flow Statements. State the effect and identify which category (operating activities, financing activities and investing activities) of the following situations will change in the Consolidated Cash Flow Statements: a. Dividends paid by subsidiaries and associates (4) b. Acquisition of a subsidiary c. Disposal of subsidiary (2) (Total: 10) Malaysian Accounting Standard Board (MASB) was established under the Financial Reporting Act in 1997. Statement 1 10 of 15 a. Explain the principle of the standards developed by the MASB. b. Briefly explain the step that had been undertaken by the MASB to initiate a broad strategic direction to align its accounting standards with those issued by the IASB in order to keep up with the development worldwide. (7) (Total: 10)