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

Question 9: For the current year, net income of Carol Company is \20,…

Question 9

+1 markOne correct option

For the current year, net income of Carol Company is $20,000 and dividends declared are $6,000; therefore, retained earnings have increased $26,000 during the year.

  1. A

    True

  2. B

    False

Show answer

Correct answer

  • B

    False

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Question 9 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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