A company is facing a lawsuit from a customer. It is possible, but not probable, that the company will have to pay a settlement that management estimates to be ₹3,000,000. How would this fact be reported in the financial statements to be issued at the end of the current month?
₹3,000,000 in the Current Liability section
None because disclosure is not required
₹3,000,000 in the Long-Term Liability section
In a descriptive narrative in the footnote section
You have been offered a job that pays an annual salary of ₹48,000, ₹51,000, and ₹55,000 over the next three years, respectively. The offer also includes a starting bonus of ₹2,500 payable immediately. What is this offer worth to you today at a discount rate of 6.5 percent?
147610
145110
167500
138601
Phil's Carvings wants to have a weighted average cost of capital of 9.5 percent. The firm has an after tax cost of debt of 6.5 percent and a cost of equity of 12.75 percent. What debt-equity ratio is needed for the firm to achieve its targeted weighted average cost of capital?
0.84
0.92
1.08
0.76
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The IIT Madras BS Financial Forensics (Financial Forensics) End Term paper sat on 22 Dec 2024, in the September 2024 term: 32 questions for 32 marks in 180 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | Financial Forensics End Term 22 Dec 2024 at a glance |
|---|---|
| Term | September 2024 term |
| Subject | Financial Forensics |
| Course code | BSMS4003 |
| Questions | 32 |
| Marks | 32 |
| Duration | 180 min |
| MCQ | 29 |
| Written | 1 |
| Numerical | 2 |
| Official paper | IIT M DEGREE AN EXAM QDB3 22 Dec 2024 |
| Negative marking | No negative marking. |
| Updated |
