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QUESTION 4 Clarity Bhd, Ylang Bhd and Light Bhd decided to enter into a joint arrangement and form a separate vehicle, Dian Bhd. Clarity Bhd holds 35%, Ylang Bhd owns 35%, and Light Bhd owns 30% of the equity shares in Dian Bhd. The shareholders' agreement among the investors is such that decisions can be made with 80% consent and the profits of Dian Bhd will be distributed to the investors according to their respective shareholding in Dian Bhd. Each investor has equal representation on the board of directors of Dian Bhd. Required: Discuss the accounting treatment to account for the joint arrangement above in the investor's book. (5 marks)

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