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You know the following information about the Davis National Bank: Total interest expenses = $500 Dividends to stockholders = 40 Total Noninterest income = 100
You know the following information about the Davis National Bank:
Total interest expenses = $500 Dividends to stockholders = 40
Total Noninterest income = 100 Total interest income = 800
Securities Gains (losses) = 50 Total noninterest expenses = 150
Income Taxes = 80 Provision for loan losses = 100
Given this information, what is the value of this firm's increase in undivided profits? (Multiple choice) (Please show your work, thank ya much)
A. $30 B. $150
C. ($50) D. $120
E. $80
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