1. Norfolk has prepared a Report of Condition for the FDIC. Please fill in the missing items from its statement shown below (all figures in millions of dollars): Gross loans Allowance for loan losses Investment securities Common stock Surplus Total equity capital Cash and due from banks Miscellaneous assets $310 15 36 5 Goodwill and other intangibles 15 Total liabilities 30 Preferred stock Bank premises and equipment, gross Trading-account securities Other real estate owned 10 Nondeposit borrowings 25 Bank premises and equipment, net Please calculate these items and show your process: Total assets Net loans Undivided profit Depreciation Total deposits 23 $2 4 3 385 3 40 20

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1. Norfolk has prepared a Report of Condition for the FDIC. Please fill in the missing
items from its statement shown below (all figures in millions of dollars):
Gross loans
Allowance for loan losses
Investment securities
Common stock
Surplus
Total equity capital
Cash and due from banks
Miscellaneous assets
$310
15
36
5
Bank premises and equipment, gross
Trading-account securities
Other real estate owned
Goodwill and other intangibles
Total liabilities
15
30 Preferred stock
10 Nondeposit borrowings
25 Bank premises and equipment, net
Please calculate these items and show your process:
Total assets
Net loans
Undivided profit
Depreciation
Total deposits
23
$2
4
3
385
3
40
20
Transcribed Image Text:1. Norfolk has prepared a Report of Condition for the FDIC. Please fill in the missing items from its statement shown below (all figures in millions of dollars): Gross loans Allowance for loan losses Investment securities Common stock Surplus Total equity capital Cash and due from banks Miscellaneous assets $310 15 36 5 Bank premises and equipment, gross Trading-account securities Other real estate owned Goodwill and other intangibles Total liabilities 15 30 Preferred stock 10 Nondeposit borrowings 25 Bank premises and equipment, net Please calculate these items and show your process: Total assets Net loans Undivided profit Depreciation Total deposits 23 $2 4 3 385 3 40 20
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