Discuss the reasons underlying the 2008 amounts/ Finance
The information below was taken from the footnotes of JPMorgan Chase’s 2008 annual report. The December 31, 2008, balance in the allowance account was $23,164 (dollars in millions).
REQUIRED:
Compute the actual write-offs recognized by JPMorgan Chase in 2006, 2007, and 2008. Comment on JPMorgan Chase’s annual estimates. Discuss the reasons underlying the 2008
