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Suppose a bank has an allowance for loan losses of 125

Question: Suppose a bank has an allowance for loan losses of $1.25 million at the beginning of the year, charges current income for a $250,000 provision for loan losses, _charges off worthless loans_ of $150,000, and recovers $50,000 on loans previously charged off. What will be the balance in the allowance for loan losses at year-end?

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Finance Basics: Suppose a bank has an allowance for loan losses of 125

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Finance Basics: Suppose a bank has an allowance for loan losses of 125

Reference No:- TGS02512774

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