Cannot figure out the question that reads: Norm would like your advice on when Normpar can gain access to the losses of Jonsub if the two companies merge on June 30, 2016 (last paragraph before balance sheet)

Assignment -5 for marking - Due on Nov. 30, 2016 Assignment is worth 5% of final marks. Assignment is due at the beginning of class. No time extensions allowed. One percentage penalty, of your earned mark, will be deducted for late submissions. No Assignments are accepted after answers have been posted to the Black Board. ITA: 87, 88(1) (Amalgamation and winding-up) Marks allocation: (a) Advising to both Jonsub and Normpar on the amalgamation (b) Advising to both Jonsub and Normpar on the winding-up [50 marks] [50 marks]