Question $3(15$ marks$)$ On $1$ October $2023,$ Jojo Bhd with $2$ other parties, Kenari Bhd and Tiong Bhd$,$ structured a joint arrangement in an incorporated entity, Koko Bhd$,$ with rights to the net assets of the arrangement. Jojo Bhd has $40\%$ of the voting rights in the joint arrangement while Kenari Bhd and Tiong Bhd have $35\%$ and $25\%$ of the voting rights respectively. The contractual arrangement between these three parties specifies that at least $75\%$ of the voting rights are required to make decisions about the relevant activities of the arrangement. Required: Explain a$.$ b$.$ whether all the three parties in the joint arrangement would have joint control over Koko Bhd$.(9$ marks$)$ the two types of joint arrangement in accordance with MFRS$11$: Joint Arrangement.