American Bankers Association Exam CTFA Topic 8 Question 44 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 44
Topic #: 8

The deduction must be based on identification of specific doubtful amounts and is limited to the maximum of doubtful debts identified in the year or a preceding year and 75 percent of the amount reported for statutory purposes.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Janey at Feb 27, 2023, 04:45 PM

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