Use the Following to Answer Questions

question 46

Essay

Use the following to answer questions
The following note disclosure is taken from the 2016 annual report to shareholders of Winchester International Corporation.
NOTE 5: ALLOWANCE FOR LOAN LOSSES
The allowance for loan loss is maintained at a level to absorb probable losses inherent in the loan portfolio.This allowance is increased by provisions charged to operating expense and by recoveries on loans previously charged off,and reduced by charge-offs on loans.
The following is a summary of the changes in the allowances for loan losses for three years:
Winchester also reported (in thousands)in its comparative balance sheet that it held Loans receivable,net,of $6,869,911 and $6,819,209 at December 31,2016,and December 31,2015,respectively.
-Using a T-account for the Allowance for Loan Losses,identify the changes in the account during 2016.

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Definitions:

Rejecting-neglectful

A parenting style characterized by a lack of responsiveness to a child's needs and a lack of demands, often resulting in negative outcomes for the child's development.

Mature Behavior

Conduct characterized by the ability to respond to situations in an age-appropriate and socially responsible manner.

Permissive-indulgent

A parenting style characterized by high responsiveness and low demandingness, where parents are very involved but set few rules and limits.

Dramatic Play

A form of play in which children adopt roles and act out scenes, stories, or situations, fostering creativity, empathy, and social skills.