American Bankers Association Exam CTFA Topic 1 Question 42 Discussion

Actual exam question for American Bankers Association's Certified Trust and Financial Advisor exam

Question #: 42
Topic #: 1

[All Certified Trust and Financial Advisor 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 Tiffiny at Jan 10, 2023, 08:07 AM

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