(a)[1]
State one reason for revaluing the assets and liabilities when a partnership business is sold.
(b(i))[3]
Calculate the total purchase consideration for the sale of the partnership.
(b(ii))[2]
Calculate the amount paid to partners in cash for the sale of the partnership.
(c)[10]
Prepare the statement of financial position of G Limited at 1 January 2018 immediately after the purchase of the partnership.
(d)[4]
Prepare the capital accounts of Alfie and Bob on closure of the partnership business.
(e)[5]
Evaluate whether or not the directors were right to acquire the partnership. Support your answer with reference to the change in return on capital employed, as a result of the acquisition of the partnership.