A bank that started with ALL at the beginning of the year at $1.48 million collects bad loans $0.94 million during the year, $0.12 million was charged on loans previously set off, and current charges of $1.02 million for loan losses income for an allowance, calculate the balance at  the end  of the year.

Answer rating: 100% (QA)

banks net charge for loan losses is 102 million 012 mi... View the full answer