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Prepare the relevant journal entries and extract SoFP

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Problem 1: Sulli Bhd. shares capital consist of 50million no. of shares paid up to RM60million and retained earning RM22million. Sulli Bhd. made a rights issue of RM15million new ordinary shares at an issue price of RM1.60 per share to existing shareholders. Prepare the relevant journal entries and extract SoFP for Sulli Bhd.

Reference no: EM132672912

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