Suppose a bank anticipates loan losses this year of $1M and held $100 million already in its ALL account. How PLL and ALL becomes? Now suppose the bank discovers that its truly worthless, which must be written off total of 500,000. Also, the bank discovers it has been able to recover 1.5 million previously charged off as losses. What would the ALL net worth?

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ANSWER PLL wou ld beco me 1 mi llio n and ALL wo uld b ecome 9 9 m i llio n CALC UL... View the full answer