Question
QUESTION 1 (15 Marks) REQUIRED Use the information provided below to prepare the Pro Forma Statement of Financial Position as at 31 December 2021. The
| QUESTION 1 | (15 Marks) |
| REQUIRED | |
| Use the information provided below to prepare the Pro Forma Statement of Financial Position as at 31 December 2021. The amount of external non-current funding required must be calculated. | |
| INFORMATION | |
| HEIDI (PTY) LIMITED | |
| STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 | |
| R | |
| ASSETS | |
| Non-current assets | 2 800 000 |
| Fixed/Tangible assets | 2 800 000 |
| Current assets | 2 400 000 |
| Inventories | 800 000 |
| Trade and other receivables | 1 200 000 |
| Cash and cash equivalents | 400 000 |
| Total assets | 5 200 000 |
| EQUITY AND LIABILITIES | |
| Equity | 2 600 000 |
| Ordinary share capital (600 000 shares) | 1 200 000 |
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
9781266566899
