You have $11,700 on deposit with no outstanding checks or uncleared deposits. If you deposit a check

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You have $11,700 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $2,400, does this create a disbursement float or a collection float? What is your available balance? Book balance?

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Essentials Of Corporate Finance

ISBN: 9781265414962

11th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jan 02, 2023 07:08 AM

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You have $11,700 on deposit with no outstanding checks or uncleared deposits. If you deposit a check

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The available balance is the amount you have on deposit ...View the full answer

Essentials Of Corporate Finance

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