Pier plc has been in operation for several years. Pier plc operates in the telecommunication environment and is hoping to gain market share in the industry through takeovers, mergers, and acquisitions. Pier plc to-date has managed to be a representative on the Board of Directors of Hotline plc where technical information is provided. Pier plc is allowed to participate in the policy making process of the company. Questions A. Explain the principle of control according to IFRS 10, then determine from the information presented in the case whether there could be the existence of control, outlining the THREE (3) elements of control. (5 marks) B. Provide a definition for group, differentiating between the parent and subsidiary. (5 marks) C. State the rights of shareholders who are NOT part of the controlling entity, then state how they should be treated in the accounts. (5 marks) D. With the aid of an example, describe the concept, significant influence.