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Financial Forensics · Quiz 1 · 27 Oct 2024 · September 2024 term

Question 13: A company reports the following:\ 1.Net income: \85,000\…

Question 13

+2 marksNumerical answer

A company reports the following:
1.Net income: $85,000
2.Depreciation expense: $25,000
3.Gain on sale of equipment: $10,000
4.Loss on sale of investments: $5,000 Increase in accounts receivable: $8,000
Calculate the net cash flow from operating activities

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Correct answer: 97000

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Question 13 of 23 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 27 Oct 2024, in the September 2024 term (IIT M DEGREE AN EXAM QDB2 27 Oct 2024). It carries 2 marks.

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