Shiny Ltd originally owned 100% of the shares in HRL but has sold down its interests. Shiny Ltd has purchased call options from Baldy Ltd, which if exercised, would give Shiny Ltd 55% of the shares in HRL. These options require Shiny to pay $15 per HRL share, if the option is exercised. The share price of HRL over the last year has been trading between $8 and $12 per share. It is expected to remain in this range for the foreseeable future. Baldy Ltd owns 40% of the shares of Hair Restorers Ltd (HRL). Twenty percent of the shares are held by a number of small shareholders. The remaining 40% of the shares are held equally by Shiny Ltd and Light Bulb Ltd. Required: You work as an accountant at Shiny Ltd. Discuss whether your company should consolidate HRL. You must argue your case based on the tests in AASB 10, Consolidated Financial Statements. Activat Go to Se HTML Editora BI A - A - I EX X, 55 T CIT EN a O Shiny Ltd originally owned 100% of the shares in HRL but has sold down its interests. Shiny Ltd has purchased call options from Baldy Ltd, which if exercised, would give Shiny Ltd 55% of the shares in HRL. These options require Shiny to pay $15 per HRL share, if the option is exercised. The share price of HRL over the last year has been trading between $8 and $12 per share. It is expected to remain in this range for the foreseeable future. Baldy Ltd owns 40% of the shares of Hair Restorers Ltd (HRL). Twenty percent of the shares are held by a number of small shareholders. The remaining 40% of the shares are held equally by Shiny Ltd and Light Bulb Ltd. Required: You work as an accountant at Shiny Ltd. Discuss whether your company should consolidate HRL. You must argue your case based on the tests in AASB 10, Consolidated Financial Statements. Activat Go to Se HTML Editora BI A - A - I EX X, 55 T CIT EN a O