American Bankers Association CTFA Exam - Topic 1 Question 12 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 12
Topic #: 1

[All CTFA Questions]

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 Detra at May 06, 2022, 05:07 AM

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Carrol

4 months ago

Definitely true, I've seen it applied like this before.

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Novella

4 months ago

Really? I’m not sure that’s accurate.

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Ty

4 months ago

True, but it can be tricky to identify those amounts.

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Alfred

4 months ago

I thought it was 80%, not 75%!

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Vonda

5 months ago

Sounds about right, that's how it works.

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Noah

5 months ago

The next hop address is a bit confusing in the first answer choice. I'll need to double-check the IPv6 addressing format to make sure I understand that part.

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Ernestine

5 months ago

Okay, I've got this. The key disadvantage is that if two state changes occur at the same time, only the first one will be handled, and the second will be lost. That's a pretty big limitation.

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Miss

5 months ago

I'm leaning towards option C - the examination authority probably means they can access records without extra legal steps. Makes sense for quick regulatory checks.

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Jolanda

5 months ago

Integrating information systems seems like it would be crucial for effective collaboration. If the partners can't easily share data and communicate, the whole thing falls apart.

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