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Question 14 The noncash expense item on a bank's Report of Income designed to shelter a bank's current earnings from taxes and to help prepare
Question 14
The noncash expense item on a bank's Report of Income designed to shelter a bank's current earnings from taxes and to help prepare for bad loans is called:
A. | Provision for possible loan losses | |
B. | Short-term debt interest | |
C. | Interest income | |
D. | Provision for taxes | |
E. | Noninterest expense |
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