Fanta Co acquired $80\%$ of the ordinary share capital of Cola Co on $1$

November $2021$ for $50.$

capital and retained earnings of Cola Co werember $2021$ the share

Ordinary shares of $1$ each

Retained earnings at $1$ January $2021$

profit for the year ended $31$ December $2021$

The profits of Cola Co have accrued evenly throughout $2021.$ Non$-$controlling

a$)1,500,000$

b$)2,000,000$

c$)2,500,000$

d$)12,000,000$

In which of the following cases control of a company over its investee is

assumed, even though its ownership of ordinary voting shares of the

investee does not exceed $50\%?$

$(1)$ The parent has power over more than $50\%$ of the voting rights by an

agreement with other investors

$(2)$ The parent participates in the operating policies of the subsidiary

$(3)$ The parent has the power to appoint or remove a majority of members

of the board of directors in the subsidiary company

a$)(1)$ and $(2)$ only

b$)(1)$ and $(3)$ only

c$)(2)$ and $(3)$ only

d$)(1),(2)$ and $(3)$

Answer: