General Comments
The Candidates’ performance in the F3 examination for this diet has improved with an increase in the overall pass rate，which is a pleasing result.
The following questions have been taken from the International variant of the paper and were the three questions with the lowest pass rates. The aim of reviewing these questions is to give future candidates an indication of the types of questions asked and guidance on dealing with exam questions.
Sample Questions for Discussion
1. Amy and Andrew are in partnership sharing profits in the ratio 3:2. Their capital account balances are $60，000 and $75，000 respectively.
On 1 January 2010，they changed the profit sharing ratio to share profits equally.
Goodwill in the partnership was agreed to be $25，000. It is not the partnership’s policy to retain goodwill in the financial statements.
What is the balance on Amy’s capital account after dealing with the goodwill arising from the change in profit share?
A $75,000
B $60,000
C $62,500
D $72,500
(2 marks)
The answer to this question is C. Of candidates that attempted this question，only 36% answered correctly. This question tests one of the more complicated aspects of partnerships，although the question itself is straightforward.
