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Financial Statements Provide Additional Valuable Information on the Loans

Question 166

Multiple Choice

Financial Statements provide additional valuable information on the loans. Some of the more significant information provided includes EXCEPT:


A) The valuation of the mortgage loan portfolio, including a description of the valuation basis for mortgage loans and income recognition
B) The recorded investment and interest past due on mortgages with interest more than 90 days past due
C) The recorded investment and number of mortgages on which interest has been reduced, and the percent the interest was reduced
D) Disclosures of impaired loans: The total recorded investment in impaired loans at the end of each period

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