Which of the following statements is consistent with the principle of control as defined by IFRS 10 Consolidated Financial Statements?

a.

An investor yet to direct the relevant activities of an investee has no power over the investee.

b.

The investor has the ability to use its power over the investee to affect the amount of the returns from the investee.

c.

The investor must be exposed to a return from the investee.

d.

An investor cannot have control over an investee if another investor has existing rights to participate in the direction of the relevant activities.