IIA
IIA-CFSA · Question #77
Financial institutions regularly identify uncollectible accounts and charge them off against the reserve of:
The correct answer is B. Loan losses. See the full explanation below for the reasoning.
Question
Financial institutions regularly identify uncollectible accounts and charge them off against the reserve of:
Options
- AUnearned loan revenue
- BLoan losses
- CLoan expenses
- DAll of these
How the community answered
(47 responses)- A11% (5)
- B83% (39)
- C4% (2)
- D2% (1)
Community Discussion
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