QUESTION 2 (25 marks) Grey Stone Limited is a construction company with a 15% interest in Bold Bricks Limited, a building material supplier. The directors of Grey Stone Limited decided to increase the company's interest in Bold Bricks Limited, and on 5 February 2022, a further 50% of the shares in Bold Bricks Limited were acquired for a consideration of R12000000. With the acquisition of the additional 50% interest, Grey Stone Limited obtained control over Bold Bricks Limited in accordance with the requirements of IFRS 10. Bold Bricks Limited had the following balances, at fair value, on 5 February 2022 : REQUIRED: Calculate the fair value of the gross assets of Bold Bricks Limited as acquired by Grey Stone Limited on 5 February 2022 with reference to the requirements of IFRS 3.B7B (a) and (b). Thereafter, conclude your answer by explaining whether the concentration test has been met for the purchase of the additional 50% interest in Bold Bricks Limited. (25 marks) QUESTION 2 (25 marks) Grey Stone Limited is a construction company with a 15% interest in Bold Bricks Limited, a building material supplier. The directors of Grey Stone Limited decided to increase the company's interest in Bold Bricks Limited, and on 5 February 2022, a further 50% of the shares in Bold Bricks Limited were acquired for a consideration of R12000000. With the acquisition of the additional 50% interest, Grey Stone Limited obtained control over Bold Bricks Limited in accordance with the requirements of IFRS 10. Bold Bricks Limited had the following balances, at fair value, on 5 February 2022 : REQUIRED: Calculate the fair value of the gross assets of Bold Bricks Limited as acquired by Grey Stone Limited on 5 February 2022 with reference to the requirements of IFRS 3.B7B (a) and (b). Thereafter, conclude your answer by explaining whether the concentration test has been met for the purchase of the additional 50% interest in Bold Bricks Limited. (25 marks)