Step acquisition of investee's shares A parent company may acquire an investee's shares in steps. Give a detailed discussion on the appropriate accounting treatment for step acquisition of investee's shares. In particular, you should analyse these two scenarios: (1) the parent company has previously held some of the investee's shares (without control) and later obtains control over the investee after acquisition of additional shares in the financial year (2) the parent company has previously had control over the investee and it purchases additional shares during the financial year Provide examples to show (with journal entries and calculations) how the additional shares acquisition should be accounted for in the parent's separate financial statements and in the group's consolidated financial statements. Ignore tax effect