The directors of Y Limited supplied balances together with extra information as at 30 June 2022.
(a)[15]
Prepare the income statement covering the year ended 30 June 2022.
(b)[10]
Prepare the statement of financial position as at 30 June 2022.
(c)[5]
Advise the directors whether they should carry out a rights issue of ordinary shares to repay the debentures. Justify your answer.
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