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Financial Forensics · Quiz 1 · May 2023

Financial Forensics · Quiz 1 · May 2023

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Questions and published explanations below are available without starting a test. Some questions may not have a published solution yet.

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Question 97 MCQ · 1.0 marks

Based on the information from the following table, answer the given subquestions. Gama Corporation is a manufacturer of furniture. In a recent year, it reported the following activities. Please note that the figures in the parenthesis indicates negative values.
Source diagram or notation
What is the cash flow from operating activities ?
6406531932955.
₹ 77,000
6406531932956.
₹ (46,900)
6406531932957.
₹ 56,700
6406531932958.
₹ 66,500

A published solution is not available for this question yet.

Report a correction for Q97

Question 98 MCQ · 1.0 marks

Based on the information from the following table, answer the given subquestions. Gama Corporation is a manufacturer of furniture. In a recent year, it reported the following activities. Please note that the figures in the parenthesis indicates negative values.
Source diagram or notation
What is the cash flow from investing activities ?
6406531932959.
₹ 7,445
6406531932960.
₹ 7,648
6406531932961.
₹ 14,530
6406531932962.
₹ 7,590

A published solution is not available for this question yet.

Report a correction for Q98

Question 99 MCQ · 1.0 marks

Based on the information from the following table, answer the given subquestions. Gama Corporation is a manufacturer of furniture. In a recent year, it reported the following activities. Please note that the figures in the parenthesis indicates negative values.
Source diagram or notation
What is the cash flow from financing activities ?
6406531932963.
₹ 9,865
6406531932964.
₹ 12,665
6406531932965.
₹ 2,165
6406531932966.
₹ 10,010

A published solution is not available for this question yet.

Report a correction for Q99

Question 100 MCQ · 1.0 marks

Based on the information from the following table, answer the given subquestions. Gama Corporation is a manufacturer of furniture. In a recent year, it reported the following activities. Please note that the figures in the parenthesis indicates negative values.
Source diagram or notation
What is the total cash flow of the company?
6406531932967.
₹ 97,110
6406531932968.
₹ 66,455
6406531932969.
₹ 91,040
6406531932970.
₹ 68,665

A published solution is not available for this question yet.

Report a correction for Q100

Question 101 MCQ · 1.0 marks

All of the following are non current assets except:
6406531932971.
Land
6406531932972.
Inventory
6406531932973.
Machinery
6406531932974.
Buildings

A published solution is not available for this question yet.

Report a correction for Q101

Question 102 MCQ · 1.0 marks

Mr. Steven started a furniture business with ₹ 55,00,000 as capital. 40% of the amount was brought in cash and the remaining was kept in a bank account in the name of the business. What would be the total of assets in the Balance sheet?
6406531932975.
₹ 27,50,000
6406531932976.
₹ 33,00,000
6406531932977.
₹ 22,00,000
6406531932978.
₹ 55,00,000

A published solution is not available for this question yet.

Report a correction for Q102

Question 103 MCQ · 1.0 marks

All of the following are long-term liabilities except:
6406531932979.
Bonds payable
6406531932980.
Current maturities of bank loan
6406531932981.
Mortgage payable
6406531932982.
Lease liabilities

A published solution is not available for this question yet.

Report a correction for Q103

Question 104 MCQ · 1.0 marks

XYZ Inc. hired a factory shed for monthly rent of ₹ 65,000. In the month of July 2022 the business paid only 30% of the rent at the end of the month and the rest was outstanding. The rental expenses in the income statement for the month of July will be
6406531932983.
₹ 45,500
6406531932984.
₹ 65,000
6406531932985.
Not an expense till the full amount is paid
6406531932986.
₹ 19,500

A published solution is not available for this question yet.

Report a correction for Q104

Question 105 MCQ · 1.0 marks

A business invested ₹ 15,00,000 in a bank in the form of fixed deposit. The transaction will result in
6406531932987.
Increase and decrease in assets
6406531932988.
Increase in assets and decrease in liability
6406531932989.
Increase in expenditure and asset
6406531932990.
Increase in liability and decrease in assets

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Report a correction for Q105

Question 106 MCQ · 1.0 marks

At the beginning of the month the company hired workers and employees for a total monthly remuneration of ₹ 78,000 payable at the end of each month. How would this transaction reflect in the income statement and balance sheet at the beginning of the month?
6406531932991.
Only expenses will increase by ₹ 78,000
6406531932992.
Expense will increase by ₹ 78,000 and liabilities will also increase by equal amount
6406531932993.
Expense will increase by ₹ 78,000 and cash will decrease by the equal amount
6406531932994.
There will be no effect on both the statement

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Report a correction for Q106

Question 107 MCQ · 1.0 marks

An amount of ₹ 2,50,000 was spent towards advertisement and sales promotion activities. The payment was made through cheque. The amount was decided to be amortized over a period of 5 years. What would be the amortization expense for the first year and the unamortized amount in the balance sheet at the end of the first year
6406531932995.
Amortized amount ₹ 1,00,000 and unamortized amount ₹ 1,50,000
6406531932996.
Amortized amount ₹ 50,000 and unamortized amount ₹ 2,00,000
6406531932997.
Amortized amount ₹ 2,00,000 and unamortized amount ₹ 50,000
6406531932998.
Amortized amount ₹ 100,000 and unamortized amount ₹ 50,000

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Question 108 MCQ · 1.0 marks

If Roobes & Co. had bought raw materials worth Rs. 5,00,000, for a trade discount of 10% and cash discount of 20% for making immediate payment, the gross amount that would show under the head purchases will be
6406531932999.
₹ 3,50,000
6406531933000.
₹ 5,00,000
6406531933001.
₹ 4,50,000
6406531933002.
₹ 3,60,000

A published solution is not available for this question yet.

Report a correction for Q108

Question 109 MCQ · 1.0 marks

Purchase of goods on cash basis reduces cash and increases
6406531933003.
Liability
6406531933004.
Equity
6406531933005.
Inventory
6406531933006.
Expense

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Report a correction for Q109

Question 110 MCQ · 1.0 marks

Depreciation is
6406531933007.
Reduction in value of the asset due to market movement
6406531933008.
Is only a hypothetical number used to reduce profits
6406531933009.
The amount spent on buying the asset
6406531933010.
Reduction in value of the asset due to/and usage and passage of time

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Question 111 MCQ · 1.0 marks

Dividend to the shareholders are paid out of
6406531933011.
Profit before tax
6406531933012.
Profit after tax
6406531933013.
Profit before interest depreciation and tax
6406531933014.
Profit before interest and tax

A published solution is not available for this question yet.

Report a correction for Q111

Question 112 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.
Source diagram or notation
Enter the correct answer for **blank A** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q112

Question 113 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.
Source diagram or notation
Enter the correct answer for **blank B** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q113

Question 114 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.
Source diagram or notation
Enter the correct answer for **blank C** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q114

Question 115 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.
Source diagram or notation
Enter the correct answer for **blank D** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q115

Question 116 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.
Source diagram or notation
Enter the correct answer for **blank E** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q116

Question 117 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.
Source diagram or notation
Enter the correct answer for **blank F** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q117

Question 118 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.
Source diagram or notation
Enter the correct answer for **blank G** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q118

Question 119 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.
Source diagram or notation
Enter the correct answer for **blank H** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q119

Question 120 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.
Source diagram or notation
Enter the correct answer for **blank I** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q120

Question 121 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. The following table is the income statement of Zara Enterprises for three years. Each income statement is missing some numbers; you are required to determine these missing numbers.
Source diagram or notation
Enter the correct answer for **blank J** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q121

Question 122 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.
Source diagram or notation
Enter the correct answer for **blank A** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q122

Question 123 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.
Source diagram or notation
Enter the correct answer for **blank B** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q123

Question 124 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.
Source diagram or notation
Enter the correct answer for **blank C** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q124

Question 125 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.
Source diagram or notation
Enter the correct answer for **blank D** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q125

Question 126 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.
Source diagram or notation
Enter the correct answer for **blank E** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q126

Question 127 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.
Source diagram or notation
Enter the correct answer for **blank F** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q127

Question 128 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.
Source diagram or notation
Enter the correct answer for **blank G** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q128

Question 129 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.
Source diagram or notation
Enter the correct answer for **blank H** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q129

Question 130 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.
Source diagram or notation
Enter the correct answer for **blank I** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q130

Question 131 NAT · 0.5 marks

Answer the given subquestions based on the information from the respective table. Selected balance sheet items are shown for Roff Inc. Compute the missing amounts for each of the four years.
Source diagram or notation
Enter the correct answer for **blank J** (in ₹ )

A published solution is not available for this question yet.

Report a correction for Q131