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You Know the Following Information About the Taylor National Bank

Question 108

Multiple Choice

You know the following information about the Taylor National Bank:  Provision for loan losses $100 Income taxes 140 Noninterest income 500 Dividends 60 Securities gains (losses)  50 Interest income 1,500 Noninterest expense 750 Interest expenses 750\begin{array} { l r } \text { Provision for loan losses } & \$ 100 \\\text { Income taxes } & 140 \\\text { Noninterest income } & 500 \\\text { Dividends } & 60 \\\text { Securities gains (losses) } & 50 \\\text { Interest income } & 1,500 \\\text { Noninterest expense } & 750 \\\text { Interest expenses } & 750\end{array}
Given this information,what is the value of this firm's increase in undivided profits?


A) $150
B) $210
C) $400
D) ($250)
E) $750

Correct Answer:

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