Samantha Limited has just purchased a 40% interest in Emmet Enterprises Inc . for $4 , 000 090 SamanthaLimited has no other equity investments . You have been asked to advise Samantha Limited about theaccounting choices that the company might have with respect to its investment in Emmet Enterprises incSuchRequiredal What options might be available if Samantha Limited was a public company and reported in compliancewith IFRS ?b ) What options might be available if Samantha Limited was a private company and reported under theCanadian Accounting Standards for Private Enterprises ?On January 1 2014 Pendulum Inc . acquired 10 090 of the 109 060 outstanding shares of Swing Limited for acash consideration of $109 090 plus brokerage charges of 29 . Pendulum elected to account for itsinvestment at fair value through profit and loss . On that date , Swing Limited had common shares with aCarrying value of $500,000 and retained earnings of $ 300 090