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Financial Forensics · Quiz 1 · 23 Feb 2025 · January 2025 term

Question 5: On January 1, 2017. XYZ Company started the year with a ₹…

Question 5

+1 markOne correct option

On January 1, 2017. XYZ Company started the year with a ₹ 400,000 in Retained Earnings, a ₹ 150,000 balance in Common Stock, and a ₹ 300,000 balance in Additional Paid-in Capital. During 2017, the company earned net income of ₹ 40,000, declared a dividend of ₹ 10,000, and issued 900 additional shares of stock (par value of ₹ 1 per share) for ₹ 10,000. What is total stockholders' equity on December 31, 2017?

  1. A

    ₹890,000

  2. B

    ₹900,000

  3. C

    ₹880,000

  4. D

    None of these

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Correct answer

  • A

    ₹890,000

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Question 5 of 17 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 23 Feb 2025, in the January 2025 term (IIT M DEGREE AN EXAM QDB2 23 Feb 2025). It carries 1 mark.

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