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American Bankers Association Exam CTFA Topic 8 Question 44 Discussion
Actual exam question for
American Bankers Association's
Certified Trust and Financial Advisor exam
Question #: 44
Topic #: 8
[All Certified Trust and Financial Advisor Questions]
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.
Suggested Answer:
B
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