The information below was taken from the footnotes of JPMorgan Chases 2012 annual report. The December 31,
Question:
The information below was taken from the footnotes of JPMorgan Chase’s 2012 annual report. The December 31, 2012, balance in the allowance account was $21,936 (dollars in millions).
REQUIRED:
Compute the actual write-offs recognized by JPMorgan Chase in 2010, 2011, and 2012. Comment on JPMorgan Chase’s annual estimates. Discuss the amount of the 2010 provision, as compared to the 2012 estimate. Discuss the reasons underlying the 2012 amounts.
The following financial information represents Hadley Company’s first year of operations,2014:
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2012 2011 2010 January 1 balance 27609 32266 39096 Provision for ...View the full answer
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