A National Bank That Is Not in a Financial Holding

question 65

Multiple Choice

A national bank that is not in a financial holding company or a bank holding company is mainly supervised by the

• A)Federal Deposit Insurance Corporation.
• B)Federal Reserve.
• C)Office of the Comptroller of the Currency.
• D)National Credit Union Administration.

Recognize the nature and classification of various accounts (Assets, Liabilities, Revenue, Expenses).

Comprehend the process of recognition and adjustment for unearned revenues.

Calculate the impact of transactions on Net Income and Cost of Goods Sold.

Master the process for adjusting entries for various types of accounts and transactions.