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Question

if principal is paid on a loan after it has been placed on non-accrual status, the bank must determine whether it should record the payment as a reduction of:

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Any one of these

Answer

The loan principal amount

Answer

Income interest

Answer

Both of these

If principal is paid on a loan after it has been placed on non-accrual status, the bank must determine whether it should record the payment as a reduction of:

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