The accounting issues at failed savings and loan institutions included: a. The failure to disclose dubious deals between the S&Ls and some of its major customers b. The failure to provide adequate allowances for loan losses c. The existence of inadequate controls to prevent inadequate allowances and control for dubious deals d. All of the above

Question

Denise Maddox

Social Studies

7 December, 01:11

The accounting issues at failed savings and loan institutions included: a. The failure to disclose dubious deals between the S&Ls and some of its major customers b. The failure to provide adequate allowances for loan losses c. The existence of inadequate controls to prevent inadequate allowances and control for dubious deals d. All of the above

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Hamza Branch · Answer 1

D all of the above

Explanation:

Failed savings and loan institutions is characterised by account issues such as failure to disclose dubious deals between the S&Ls and some of its major customer, The failure to provide adequate allowances for loan losses, The existence of inadequate controls to prevent inadequate allowances and control for dubious deals