Paper 6

Question 1
a) External use - I/S n B/S
b)1. Quick ratio
2. Interest cover
3. Earnings per share
4. Price earning ratio

Question 2
Partnership - partner leave + a little revaluation
c) Advantages and Disadv compare to sole trader

Question3
a)calculate goodwill
b)CBS
c)3 circumstances of 'significant influence' by associates

Question 4
a)Cash flow statement
b)comment