IIA
IIA-CFSA · Question #76
If principal is paid on a loan after it has been placed on non-accrual status, the bank must determine whether it should record the payment as a reduction of:
The correct answer is D. Any one of these. See the full explanation below for the reasoning.
Question
If principal is paid on a loan after it has been placed on non-accrual status, the bank must determine whether it should record the payment as a reduction of:
Options
- AThe loan principal amount
- BIncome interest
- CBoth of these
- DAny one of these
How the community answered
(55 responses)- A15% (8)
- B7% (4)
- C4% (2)
- D75% (41)
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