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How much provision for loan losses

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Question - At the beginning of 2020, the Regions Bank had a Loan Loss Reserve of $600,000. During the year it charged off $50,000 in loans on which it recovered $10,000. How much Provision for Loan Losses (PLL) should the bank have allocated over 2020 to keep its Loan Loss Reserve unchanged at the end of 2020?

Reference no: EM132853326

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