FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Problem 2. Information from Norfolk National Bank's Statement of Income is below.
Put items in the proper order, fill in the missing items, and find net noninterest income.
Report of Income Items
Additional noninterest expense
Additional noninterest income
Applicable income taxes
Extraordinary gains-net
Fiduciary activities
Income before extraordinary items
Smln
20
30
3
2
20
?
Net income
?
Net interest income
60
Premises and equipment expense
Pretax net operating income
10
15
Provision for loan and lease losses
?
Salaries and employee benefits
Securities gains (losses)
Service charges on deposit accounts
Total interest expense
?
5
25
?
Total interest income
200
Total noninterest expense
125
Total noninterest income
100
Trading account gains and fees
?
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Transcribed Image Text:Problem 2. Information from Norfolk National Bank's Statement of Income is below. Put items in the proper order, fill in the missing items, and find net noninterest income. Report of Income Items Additional noninterest expense Additional noninterest income Applicable income taxes Extraordinary gains-net Fiduciary activities Income before extraordinary items Smln 20 30 3 2 20 ? Net income ? Net interest income 60 Premises and equipment expense Pretax net operating income 10 15 Provision for loan and lease losses ? Salaries and employee benefits Securities gains (losses) Service charges on deposit accounts Total interest expense ? 5 25 ? Total interest income 200 Total noninterest expense 125 Total noninterest income 100 Trading account gains and fees ?
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