Read the below statements carefully and determine whether the statements is True or False.

(a) The parent has representation on the board of directors provides evidence of a parent-subsidiary relationship.

(b) During the last financial year, Public Berhad acquired 44% of the issued share capital of Immas Berhad. Under the terms of the acquisition, the finance director of Public was appointed to the board of directors of Immas. Public Berhad should account for its interest in Immas Berhad in the consolidated financial statements as an associate, using equity accounting.

(c) Kesama Berhad acquired 270,000 ordinary shares in Tasama Berhad on 1 January 2019 at a cost of RM400,000. At that date, Kesama Berhad had 300,000 ordinary RM1 shares in issue and its reserves were RM60,000. Non-controlling interests are measured at the proportionate share of the net assets acquired. The amount of goodwill arising on consolidation is RM76,000.

(d) Public Berhad acquires 75% of Willy Berhad Co's 1 million shares on 1 January 2017. It paid RM1.50 per share and agreed to pay a further RM702,000 on 1 January 2018. Assume the cost of capital for Public Berhad is 8%. The cost of investment for Public Berhad is RM1,883,160.

(e) Where the purchase price of an acquisition is less than the aggregate fair value of the net assets acquired, the accounting treatments of the difference as required by MFRS 3, Business Combination is immediate recognition as a gain in the statement of changes in equity.

(f) If A owns more than 20%, but less than 50% of the equity shares in B, then B is bound to be an associate of A.

(g) Amortisation for goodwill shouldnt exceed 20 years. 4

(h) Negative goodwill is included fully in the consolidated retained earnings

(i) Goodwill arising on consolidation is subject to an annual impairment review, and impairment may be expressed as an amount or as a percentage. If the non-controlling interest is valued at fair value, the goodwill in the statement of financial position includes goodwill attributable to the noncontrolling interest.

(j) Discount on issue of Debentures is in the nature of capital loss.