hard · CFA Level I Financial Statement Analysis
Westfork Bancorp, reporting under IFRS, has Net Income of 950,000. It recorded65,000 in stock-based compensation and a 40,000 gain on the sale of its head office.
If Accounts Receivable rose by55,000 and Interest Payable fell by $10,000, the CFO is closest to:
- $990,000
- $910,000
- $845,000
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