pls help with this, 20 marks not 40

Potential investment 2- investment in shares of Windscreens Ltd Techniq has been offered 35% of the ordinary share capital of Windscreens Ltd (Windscreens), a supplier of windscreens for the 'Three'. The other 65% of the ordinary share capital would be held by a single investor, Target plc (Target). Techniq are also in negotiations to acquire some convertible debt securities which could be converted into ordinary shares. Additional information for potential investment 2 The convertible debt securities, once issued, would allow Techniq to convert the debt into a further 10-20% ownership of the existing ordinary share capital from either 1 July 2021 onwards or 1 January 2022 onwards. The exercise price currently being discussed would result in the shares being out of the money but not deeply out of the money. The activities of Techniq are similar to those of Windscreens and cost savings could be made between the two entities. If the investment in the ordinary shares of Windscreens takes place, the management of Techniq do not intend converting the convertible debt securities into ordinary shares unless they were significantly in the money. As part of the acquisition Techniq would be entitled to appoint three out of the thirteen directors. If Techniq converted the convertible debt securities into ordinary shares, they would be entitled to appoint a further 2 directors. One of these further director appointments would be the right to appoint the Chief Executive Officer of Windscreens. In addition to the investment in shares, Techniq also provides a substantial loan to Windscreens. Required: For each potential investment, evaluate whether the acquisition would be likely to lead to control by Techniq and explain the financial reporting treatment. You should explain any assumptions you make and provide an assessment of any further information you might require to determine whether control exists or not. (40 marks) Potential investment 2- investment in shares of Windscreens Ltd Techniq has been offered 35% of the ordinary share capital of Windscreens Ltd (Windscreens), a supplier of windscreens for the 'Three'. The other 65% of the ordinary share capital would be held by a single investor, Target plc (Target). Techniq are also in negotiations to acquire some convertible debt securities which could be converted into ordinary shares. Additional information for potential investment 2 The convertible debt securities, once issued, would allow Techniq to convert the debt into a further 10-20% ownership of the existing ordinary share capital from either 1 July 2021 onwards or 1 January 2022 onwards. The exercise price currently being discussed would result in the shares being out of the money but not deeply out of the money. The activities of Techniq are similar to those of Windscreens and cost savings could be made between the two entities. If the investment in the ordinary shares of Windscreens takes place, the management of Techniq do not intend converting the convertible debt securities into ordinary shares unless they were significantly in the money. As part of the acquisition Techniq would be entitled to appoint three out of the thirteen directors. If Techniq converted the convertible debt securities into ordinary shares, they would be entitled to appoint a further 2 directors. One of these further director appointments would be the right to appoint the Chief Executive Officer of Windscreens. In addition to the investment in shares, Techniq also provides a substantial loan to Windscreens. Required: For each potential investment, evaluate whether the acquisition would be likely to lead to control by Techniq and explain the financial reporting treatment. You should explain any assumptions you make and provide an assessment of any further information you might require to determine whether control exists or not. (40 marks)