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Financial Forensics · Quiz 1 · 26 Oct 2025 · September 2025 term

Question 1: The Slugger and K Corporation produces custom-made dog to…

Question 1

+1 markOne correct option

The Slugger and K Corporation produces custom-made dog toys. During the current fiscal year, Slugger and K had revenues of $460,000 and cost of goods sold of $310,000. The company pays 36 percent in taxes. What was Slugger and K’s net income in the current fiscal year?

  1. A

    $460,000

  2. B

    $150,000

  3. C

    $96,000

  4. D

    $354,000

Show answer

Correct answer

  • C

    $96,000

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Question 1 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 26 Oct 2025, in the September 2025 term (IIT M DEGREE AN EXAM QDB2 26 Oct 2025). It carries 1 mark.

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