Question: (b) Prepare Pro Forma Balance Sheet for Dar Al Redda Enterprises for the year 2021 as per the format given below. If there are any
(b) Prepare Pro Forma Balance Sheet for Dar Al Redda Enterprises for the year 2021 as per the format given below. If there are any new funds required, as per your calculation in part (a) above, this will be financed by common stocks. The retained earning amount has been given in the pro forma balance sheet. (5 Marks) Dar Al Redda Enterprises Pro Forma Balance Sheet 30-June-2021 (Amount in AED '000) Assets Liabilities and Stockholders' Equity Cash Accounts Payables Accounts Receivables Notes payable Inventory Accrued expenses Total Current Assets Total Current Liabilities Fixed assets Common stock Retained earnings Total Liabilities + S.E. Equity 60.5 Total assets 254.7 254.7 (c) If Dar Al Redda Enterprises expects its selling price to be AED10 per unit for the year 2021, an (b) Prepare Pro Forma Balance Sheet for Dar Al Redda Enterprises for the year 2021 as per the format given below. If there are any new funds required, as per your calculation in part (a) above, this will be financed by common stocks. The retained earning amount has been given in the pro forma balance sheet. (5 Marks) Dar Al Redda Enterprises Pro Forma Balance Sheet 30-June-2021 (Amount in AED '000) Assets Liabilities and Stockholders' Equity Cash Accounts Payables Accounts Receivables Notes payable Inventory Accrued expenses Total Current Assets Total Current Liabilities Fixed assets Common stock Retained earnings Total Liabilities + S.E. Equity 60.5 Total assets 254.7 254.7 (c) If Dar Al Redda Enterprises expects its selling price to be AED10 per unit for the year 2021, an
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
