You are required to prepare a Pro-Form Balance Sheet by taking into account all the relevant information: Financial accounting Assignment, Malaysia
a) You are required to prepare a Pro-Form Balance Sheet by taking into account all the relevant information:
i. Sales in the year 2019 were RM20 million and is expected to increase to RM30 million in year 2020.
ii. Net profit after tax in year 2019 was RM1 million.
iii. Dividend distributed to shareholders in 2019 amounted to RM400.000. Syarikat Hibbah is operating at full capacity.
v. The company intend to obtain the needed funds through the issuance of
new common shares.
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