You have $11,900 on deposit with no outstanding checks or uncleared deposits. If you deposit a check
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You have $11,900 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $2,200, does this create a disbursement float or a collection float? What is your available balance? Book balance?
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The available balance is the amount you have on deposit o...View the full answer
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Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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