On a bank's income statement,the provision for loan losses is an ________ item and represents the amount of ________ in the bank's loan loss reserves.

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The provision for loan losses is an expense item because it represents the amount of money the bank has set aside to cover potential losses due to loan defaults. It is also an increase in the bank's loan loss reserves because it is adding to the amount of money set aside for potential losses.

On a Bank's Income Statement,the Provision for Loan Losses Is