(A) PalmEng is a Palm Oil engineering company that specialised in development of palm oil plants for their customers. You are the Corporate Affair Manager for last 3 years responsible for corporate finance matters of the company.
The Board of Directors of PalmEng recently appointed a new Chief Executive Officer (“CEO”) and all the managers are instructed to work together with the new CEO to bring the company to higher profile and valuation.
The Accountant of the company has prepared the summarised financial statement for the
CEO review as below:
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