IIA
IIA-CFSA · Question #74
If more funds than expected are needed to cover loans losses in a given period, the reserve must be increased and the difference is charged to:
The correct answer is C. Operating expenses. See the full explanation below for the reasoning.
Question
If more funds than expected are needed to cover loans losses in a given period, the reserve must be increased and the difference is charged to:
Options
- AAdministration expenses
- BPrepaid assets
- COperating expenses
- DLoan expenses
How the community answered
(34 responses)- A12% (4)
- B3% (1)
- C82% (28)
- D3% (1)
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