c. QUESTION 3 (15 MARKS) 1. According to the relevant MFRS, differentiate the followings: Control b. Significant influence Joint control (6 marks) (CLO1:PLO1:05) 2. The following situation is independent: (1) Deebak Bhd acquired 60% interest in Star Bhd on 1 March 2015. On 1 January 2016, Star Bhd acquired 40% interest in Cloudy Bhd and on 1 January 2017. Deebak Bhd acquired a 40% interest in Cloudy Bhd. (ii) Dazzle Bhd acquired a 70% interest in White Bhd on 1 February 2015. Dazzle Bhd acquired an 90% interest in Suria Bhd on 1 July 2017 Required: Determine the group structure and effective controlling interest for the above situations. (4 marks) (CLO1:PLO1:05) 3. Frozen Bhd acquired an 80% interest in Toppers Bhd on 1 June 2015 for RM40,500,000. On this date, the ordinary shares of Toppers Bhd was RM35,000,000 and the retained profit was RM10,000,000. On 1 January 2016, Toppers Bhd acquired a 70% interest in High Bhd for RM25,000,000. The retained profit and ordinary shares of High Bhd on this date were RM5,000,000 and RM20,000,000 respectively. It is the group's policy to value non-controlling interest at their proportionate share of their fair values of the net assets of the subsidiaries on the dates of acquisitions. Required: Calculate the goodwill on consolidation for the ultimate parent using the single stage method of consolidation (5 marks) (CLO1:PLO1:C5)