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

Question 15: A calendar year reporting company preparing its annual f…

Question 15

+1 markOne correct option

A calendar year reporting company preparing its annual financial statements should use the phrase "At December 31, 2024" in the heading of which financial statement(s)?

  1. A

    On all of the required financial statements.

  2. B

    On the income statement only.

  3. C

    On the income statement and balance sheet, but not the statement of cash flows.

  4. D

    On the balance sheet only.

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Correct answer

  • D

    On the balance sheet only.

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Question 15 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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