(a)[11]
Prepare the capital accounts of Ada and Brian, showing the adjustments made on 1 January 2024 during the acquisition. Also show the final settlement due to or from each partner.
(b)[7]
Prepare X Limited’s statement of financial position at 1 January 2024.
(c)[2]
Calculate how much debenture should be issued in Option 1.
(d)[5]
Advise the directors on which option they ought to select. Justify your answer.