Question 1 Double Tree Bhd (DTB) is a manufacturing company. DTB owns the following investments in other companies: Name of company Equity Shares Nature of Non-equity shares held A Sdn Bhd (ASB) B Sdn Bhd (BSB) C Sdn Bhd (CSB) business Hotel Manufacturing Transportation 70% 25% 48% Nil 80% 25% It is the company's policy that majority voting rights will provide investor with the current ability to direct the relevant activities, which often will be through determining operating and financing policies. DTB also has appointed five of the seven directors of C Sdn Bhd. During the current year DTB intended to acquired 80% of Fuji Sdn Bhd (FSB)'s 40,000 ordinary share capital for a consideration of RM3.50 cash per share. The fair value of the non-controlling interest was RM50,000 and the fair value of the net assets acquired was RM145,000. To fund the acquisition, the directors are aware of different methods to raise capital. (b) Explain the relationship between company ASB, BSB, CSB and DTB. Your answer should be substantiated by relevant Malaysian Financial Reporting Standards (MFRSS). You may prepare your answer using the following format:- Name of Relationship Explanation Reference company [8 marks]