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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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