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