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A bank's Report of Condition shows gross loans and leases of $1,350 million. The loan loss allowance for the year is accumulated to $35 million
A bank's Report of Condition shows gross loans and leases of $1,350 million. The loan loss allowance for the year is accumulated to $35 million and the bank reports an uneamed income amounting to $5 million. The net loans and leases accounted by the bank would be million. (show your work) Problem 7 (1 point) A bank which starts with ALL of $1.68 million at the beginning of the year, charges off worthless loans of $0.45 million during the year, recovers $0.22 million on loans previously charged off and charges current income for a $1.16 million provision for loan losses, will have an ALL at the end of the year of $ million (show your work) Please show your work for all problems. Write your answers with two decimal points (e.g., 59.74, 31.50%, $802.57, 567.00 million)
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