Today, I had an investment banking interview for an analyst position. One of the questions I have never been asked before and I thought it was very challenging. The question was "walk me through what happens to the financial statement if you are given $10 of depreciation?". The interviewer explained the answer afterward but I still didn't understand.
Also, another question was "what financial statement is the best for understanding the health of a company?" I said the income statement but the interviewer said cashflow statement. Can someone please explain why?