Solved

You Know the Following Information About the Davis National Bank

Question 87

Multiple Choice

You know the following information about the Davis National Bank:  Total interest expenses $500 Total noninterest income 100 Securities gains (losses)  50 Income taxes 80 Dividends to stockholders 40 Total interest income 800 Total noninterest expenses 150 Provision for loan losses 100\begin{array} { l r } \text { Total interest expenses } & \$ 500 \\\text { Total noninterest income } & 100 \\\text { Securities gains (losses) } & 50 \\\text { Income taxes } & 80 \\\text { Dividends to stockholders } & 40 \\\text { Total interest income } & 800 \\\text { Total noninterest expenses } & 150 \\\text { Provision for loan losses } & 100\end{array}
Given this information,what is the value of this firm's pretax net operating income (or net income before extraordinary items) ?


A) $300
B) $150
C) ($50)
D) $120
E) $80

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents