You need to be an excellent in subject “Accounting for controlling over a subsidiary” to be able to work on this assignment. Requirements: • For each of the following scenarios, indicate whether A Ltd control C Ltd. Provide reason(s) for your answer(s). • Reference: to each your answers, you must state the paragraph number of the standard. i.e. NZ IFRS 3, NZ IFRS 10, and paragraph(s). (a) On 31 March 2019 A Ltd acquired 48% of the voting rights in C Ltd. The remaining voting rights are held by a significant number of other shareholders. None of the other shareholders hold more than 1% of the voting rights in C Ltd. Decisions regarding the relevant activities of C Ltd require the approval of a majority of votes cast at shareholders’ meetings. At a recent shareholders’ meeting, 58% of the voting rights in C Ltd were cast. There are no formal arrangements between any of the shareholders that affects collective decision making.  (b) A Ltd holds 45% of the voting rights in C Ltd. B Ltd and D Ltd each hold 15% of the voting rights in C Ltd. The remaining voting rights are widely dispersed, with no single investor holding more than 1% of the voting rights in C Ltd. Decisions regarding the relevant activities of C Ltd require the approval of a majority of votes cast at shareholders’ meetings. At a recent shareholders’ meeting, 84% of the voting rights in C Ltd were cast. A contractual arrangement between A Ltd and B Ltd exists to ensuring collective decision making at shareholders’ meetings. (1.5 marks) (c) As at 31 March 2019 A Ltd holds 51% and B Ltd holds 32% of the voting rights in C Ltd. The remaining 17% of the voting rights are widely dispersed. B Ltd has an option to acquire 20% of A Ltd’s voting rights. The option is exercisable for the next 6 months at a fixed price that is currently deeply out of the money (and is expected to remain so for the next 6 months). (d) A Ltd holds 80% of the voting rights in B Ltd and 15% of the voting rights in C Ltd. B Ltd holds a 55% interest in C Ltd. (1.5 marks) (e) A Ltd holds 48% of the voting rights in C Ltd. B Ltd and D Ltd each holds 26% of the voting rights in C Ltd. Decisions regarding the relevant activities of C Ltd require the approval of a majority of votes cast at shareholders’ meetings.  (f) A Ltd holds 40% of the voting rights in C Ltd. The remaining 60% of the voting rights in C Ltd are widely dispersed, with no single investor holding more than 10% of the voting rights in C Ltd. Decisions regarding the relevant activities of C Ltd require the approval of a majority of votes cast at shareholders’ meetings. At a recent shareholders’ meeting, 85% of the voting rights in C Ltd were cast. There is significant economic dependency between the business operations of A Ltd and C Ltd. 

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