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

Question 5: Duck Corporation's retained earnings increased \41,200 du…

Question 5

+1 markOne correct option

Duck Corporation's retained earnings increased $41,200 during the current year. What was Duck's current year net income or loss given that Duck declared $51,200 of dividends during this year?

  1. A

    Net income was $10,000.

  2. B

    Net income was $92,400.

  3. C

    Net loss was $92,400.

  4. D

    Net loss was $10,000.

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Correct answer

  • B

    Net income was $92,400.

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Question 5 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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