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A bank which starts with ALL of $1.48 million at the beginning the year, charges off worthless loans of $.94 millions during year, recovers $.12 million on loans previously charged off a charges current income for $1.02 millions provisions for loan losses will have an ALL at the end of the year of: Select one: O a. $1.28 million O b. $.66 million 4

A bank which starts with ALL of $1.48 million at the beginning the year, charges off worthless loans of $.94 millions during year, recovers $.12 million on loans previously charged off a charges current income for $1.02 millions provisions for loan losses will have an ALL at the end of the year of: Select one: O a. $1.28 million O b. $.66 million 4

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A bank which starts with ALL of $1.48 million at the beginning of the year, charges off worthless loans of $.94 millions during the year, recovers $.12 million on loans previously charged off and charges current income for $1.02 millions provisions for loans losses will have an ALL at the end of the year of: Select one: O a. $1.28 million O b. $.66 million O c. $1.68 million. O d. $3.32 million ہے
Transcribed Image Text:A bank which starts with ALL of $1.48 million at the beginning of the year, charges off worthless loans of $.94 millions during the year, recovers $.12 million on loans previously charged off and charges current income for $1.02 millions provisions for loans losses will have an ALL at the end of the year of: Select one: O a. $1.28 million O b. $.66 million O c. $1.68 million. O d. $3.32 million ہے
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