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b. The issued share capital of Eagle Bhd is 50 million ordinary shares issued at RM1 each. On 1 January 2020, Moose Bhd acquired 20

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b. The issued share capital of Eagle Bhd is 50 million ordinary shares issued at RM1 each. On 1 January 2020, Moose Bhd acquired 20 million of the ordinary shares in Eagle Bhd. The remaining shares are held by numerous shareholders and the majority of them does not attend the AGM and do not cast their votes to elect the members of the board of directors. Moose Bhd has nominated four new directors out of six members of board of directors of Eagle Bhd. i. With reference to relevant MFRS, discuss the relationship between Eagle Bhd and Moose Bhd. (3 marks) ii. Identify who should be responsible for preparing the consolidated financial statements. Justify the answer. (2 marks)

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