Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. Given the following information of Ali company 2021 Interest and fees on loans 674, other interest income 127. gross loans 243, wages and salaries

image text in transcribed

5. Given the following information of Ali company 2021 Interest and fees on loans 674, other interest income 127. gross loans 243, wages and salaries 20, employee benefits 15, other expenses 85, trust departing income 30. provision for loan losses 100, financial planning services income 58, taxes 15 percent, security gain or loss (27), rent 21, charge-off loans 275, cost of furniture 74, miscellaneous fees and charges stemming from other services sold to customers 128, interest on federal fund sold 41, bank premises 12, cash in the vault 54, interest on repurchase agreement 12,net loans 600, interest on issuing commercial paper 31, interest on check books 77, and interest on deposits 429. (All numbers are in millions and ignore the negative sign of the allowance for possible loan losses). Please find the net income after tax? (4 Points) Enter your

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing An International Approach

Authors: Wally J. Smieliauskas, Kathryn Bewley

6th edition

978-0070968295, 9781259087462, 978-0071051415

More Books

Students also viewed these Accounting questions