A bank which starts with a loan loss reserves of 25 million, Financial Management

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A bank which starts with a loan loss reserves of 25 million

A bank which starts with a loan loss reserves of 2.5 million at the beginning of the year charges off worthless loans of 1.02 million during the year, recovers.50 million on loans previously charged off and charges current income for 3.02 million provision for loan losses will have a loan reserves at the end of the year of:

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Financial Management: A bank which starts with a loan loss reserves of 25 million

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Financial Management: A bank which starts with a loan loss reserves of 25 million

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