(a)[4]
Calculate the purchase consideration that X Limited must pay.
(b)[7]
Prepare the realisation account.
(c)[6]
Prepare partners’ capital accounts in a columnar form.
(d)[3]
Suggest three reasons for the forecast increase in profit in 2020.
(e)[5]
Discuss whether Ang and Kim were correct to sell the partnership business to X Limited. Justify your answer with both financial and non-financial reasons.