IIA
IIA-CFSA · Question #341
Banks often make loans to officers, directors, employees, and principal shareholders. Discloser of these related-party transactions is required:
The correct answer is D. Either A or B. See the full explanation below for the reasoning.
Question
Banks often make loans to officers, directors, employees, and principal shareholders. Discloser of these related-party transactions is required:
Options
- AIf they are material to the loan portfolio
- BIn relation to total stockholder's equity
- CIf they are presented as other liabilities
- DEither A or B
How the community answered
(51 responses)- A6% (3)
- B12% (6)
- C2% (1)
- D80% (41)
Community Discussion
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