Assist in solving the questions in images below.

10 An 80% controlling interest was acquired in a subsidiary company when it had equity shares with a book value of $800,000 in issue and retained earnings of $600,000. The book value of the subsidiary's equity shares remain unchanged but retained earnings are now worth $900,000. What value should be attributed to the non-controlling interest in this subsidiary? A $60,000 $180,000 $280,000 (340,000 [2]2 (i) Describe the main limitations of portfolio performance measurement, [4] (ii) Propose an action that could be taken to address each of the limitations described in part (i). [4] [Total 8]A developing country has introduced disclosure of information legislation in relation to defined benefit pension schemes operating in that country. Such schemes are funded and are set up under trust. The legislation includes the requirement to issue an annual statement summarising the current funding position within three months of the start of each calendar year. A statutory body ("the Regulator") has already been set up by the government to regulate the operation of pension schemes. Penalties for non- compliance of the new disclosure legislation, to be imposed on trustees, are at the discretion of the Regulator. The Regulator has become aware of a particular pension scheme ("the Scheme") where the disclosure requirement has not been met since the legislation was introduced. The Regulator has contacted the Scheme's trustees, and has received the following response: "The membership consists entirely of low paid manual employees. We consulted with relevant employee representative groups and agreed that this information would not be meaningful to any of the members. Instead, it would be likely to cause confusion and potentially alarm. We therefore took the decision not to issue such statements to the members." (i) Outline, with reasons, the different penalties that might be available to the Regulator in relation to this breach. [2] (ii) Discuss what you would expect the Regulator to take into account when deciding whether any penalty should be imposed on the trustee board of this Scheme. [8] [Total 10]7 (i) Describe what is meant by a Markov chain. [2] A simplified model of the internet consists of the following websites with links between the websites as shown in the diagram below. N(ile) Banana) C(heep) H(andbook) An internet user is assumed to browse by randomly clicking any of the links on the website he is on with equal probability. (ii) Calculate the transition matrix for the Markov chain representing which website the internet user is on. [2] (iii) Calculate, of the total number of visits, what proportion are made to each website in the long term. [4] [Total 8]