(a)[1]
Suggest one reason QW plc may wish to buy the partnership.
(b)[5]
Prepare the realisation account if option 1 is chosen.
(c)[6]
Calculate the cash that is payable to or receivable from each partner if option 1 is chosen.
(d)[3]
Prepare the partnership bank account, showing the entries needed to close the business if option 1 is chosen.
(e)[5]
Assess the two options offered by QW plc for the acquisition, and recommend which is better for the partners. Your response should address both financial and non-financial considerations.
(f)[5]
Discuss this statement from the director. Refer to the relevant international accounting standard (IAS) in your answer.