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share issue at 5 1 , 0 0 0 , 0 0 0 , using the siop picice of the lastissue to buy one eff

share issue at 51,000,000, using the siop picice of the lastissue
to buy one eff share. The exercise p as sales in the books of the company
in that year.
Equipment were made during 2023.
operating lease until now.
The income tax rate is 30%.
The firm has covenants with their creditors to maintain their debte equity ratio at or below 25.1.
Required:
On the basis of your recommendations calculate adjusted values for profit, assets, liabilities and shareholders' equity that comply with IFRS rules. (Do the journal entries for any adjustments that
Photo reference for calculation. Needs same like this pls
image text in transcribed

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