Chapter21 Question and answers verified to pass 2024/2025
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Course
ACCT
Institution
ACCT
Chapter21 Question and answers verified to pass 2024/2025 Chapter 5: Post Lecture Quiz
Net income that is not paid as dividends is called:
undivided profit
allowance for credit losses
operating income
return on assets - correct answer undivided profit
MyBank's net income is list...
Chapter 5: Post Lecture Quiz
Net income that is not paid as dividends is called:
undivided profit
allowance for credit losses
operating income
return on assets - correct answer ✔undivided profit
MyBank's net income is listed below along with peer net income. All values
are expressed as a percent of average assets.
Net income
MyBank 1.26%
Peers 1.09%
From this information we can say that net income at MyBank is greater than
net income at peer banks by?
0.17 basis points
17 basis points
0.17 percent
, all these answers are correct - correct answer ✔17 basis points
MyBank's net income components are listed below along with peer
components. All values are expressed as a percent of average assets.
Component MyBank
Net interest income 3.02
Net noninterest expense X
Provision expense 0.2
Securities gains 0.05
Income tax 0.3
Net income 1.01
From this information, compute the bank's net noninterest expense. Round
your answer to 2 decimals using no formatting (e.g. 3.33). - correct answer
✔1.56
(NII - X - Prov Exp + Sec Gains - Inc Tax = Net Income)
(3.02 - x - .2 + .05 - .3=1.01
2.57-x=1.01
x=1.56)
A bank earns net income of $500 during the year just ended. Total assets at
the bank at the end of the previous year were $40,000, and total assets at the
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