$10M of depreciation with a 40% tax rate - walk through the statements.
Check the answer
IS: operating income -10, taxes -4, NI -$6M. CFS: NI -6 + depreciation 10 -> cash +$4M. BS: cash +4, PP&E -10 -> assets -6; retained earnings -6 -> balances.
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I pulled one prompt from the 47-question bank so you can try the format before buying. Its recorded round is Second Round. Interview processes vary by office, role and cycle.
Try the questionSee the full bank - $29.99IS: operating income -10, taxes -4, NI -$6M. CFS: NI -6 + depreciation 10 -> cash +$4M. BS: cash +4, PP&E -10 -> assets -6; retained earnings -6 -> balances.
The free 15-question sampler has worked answers from Goldman Sachs, Evercore and Ares. It is not a Bank of America sample. For all 47 Bank of America prompts, use the paid bank.
Get the free 15-question samplerGet the Bank of America bank - $29.99Independent interview practice, not official firm material.