a. Explain the four (4) steps used in the acquisition method. b. (4 marks) On 30 October 2020, the boards of directors of ABC Berhad and DEF Berhad signed a memorandum of understanding to combine their business operations, where DEF Berhad would be a subsidiary of ABC Berhad. ABC Berhad would make a general offer to the shareholders of DEF Berhad to acquire their shares in exchange for cash and new shares of ABC Berhad. The proposed business combination is conditional to the acceptance by shareholders of DEF Berhad holding more than 50% of the equity shares. In the event that the acceptance rate is 50% or less, the deal would be aborted. On 31 December 2020, the shareholders of ABC Berhad and DEF Berhad approved the proposal for the business combination in their respective emergency general meetings. By 31 January 2021, the approvals from the relevant authorities were obtained. A general offer was made to the shareholders of DEF Berhad on 15 February 2021 to buy their shares. The last date of acceptance in the offer letter was 31 May 2021. On 30 April 2021, the directors of ABC Berhad assessed the acceptance rate at 40%. On 31 May 2021, the last date for acceptance of other 30% acceptance rate was achieved. The settlement for the exchange in cash and new shares of ABC Berhad was made on 30 June 2021. Required: Determine the date of acquisition in the above business combination in accordance to Malaysian Financial Reporting Standards, MFRS 3 Business Combination. (10 marks)