The Competitive Equality in Banking Act of 1987
A) discouraged regulators from pursuing regulatory forbearance.
B) directed regulators to close "zombie S&Ls" as quickly as administratively possible.
C) encouraged regulators to continue their policy of regulatory forbearance.
D) did both A and B of the above.
C
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Which of the following is a generally accepted method of determining the amount of the adjustment to bad debt expense?
a. A percentage of sales adjusted for the balance in the allowance b. A percentage of sales not adjusted for the balance in the allowance c. A percentage of accounts receivable not adjusted for the balance in the allowance d. An amount derived from aging accounts receivable and not adjusted for the balance in the allowance
The use of alternative accounting methods
a. is not a problem in ratio analysis because the footnotes disclose the method used. b. may be a problem in ratio analysis even if disclosed. c. is not a problem in ratio analysis since eventually all methods will lead to the same end. d. is only a problem in ratio analysis with respect to inventory.