Read the below statements carefully and determine whether the statements is True or False.

1. During the last financial year, Public Berhad acquired 44% of the issued share capital of Immas Berhad. Under the terms of the acquisition, the finance director of Public was appointed to the board of directors of Immas. Public Berhad should account for its interest in Immas Berhad in the consolidated financial statements as an associate, using equity accounting.

2. The parent has representation on the board of directors and provides evidence of a parent-subsidiary relationship.

3. Kesama Berhad acquired 270,000 ordinary shares in Tasma Berhad on 1 January 2019 at a cost of RM400,000. At that date, Kesama Berhad had 300,000 ordinary RM1 shares in issue and its reserves were RM60,000. Non-controlling interests are measured at the proportionate share of the net assets acquired. The amount of goodwill arising from consolidation is RM76,000.

4. Public Berhad acquires 75% of Willy Berhad Co's 1 million shares on 1 January 2017. It paid RM1.50 per share and agreed to pay a further RM702,000 on 1 January 2018. Assume the cost of capital for Public Berhad is 8%. The cost of investment for Public Berhad is RM1,883,160.