Discuss and explain about IFRS10 (3 elements of controls) based on ACQUISITION BY BONIA OF 70% EQUITY INTEREST IN JECO (PTE) LIMITED ("JECO").

Elements of control: a) Power over investee b) Exposure, or rights, to variable returns; and c) Ability to use power to affect the amount of return (ie. link power and returns)

Requirement:

1.Answer must based on the resources.

2.References

Infomation could find based on the link below or from other resources

http://bonia.listedcompany.com/newsroom/Bonia090910.pdf

https://www.sgpbusiness.com/company/Jeco-Pte-Limite