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Float takes place because A.a firm is early in paying its bills. B.the level of cash on the firm's books is equal to the level
- Float" takes place becauseA.a firm is early in paying its bills.
- B.the level of cash on the firm's books is equal to the level of cash in the bank
- C.a lag exists between writing a check and clearing it through the banking system
- D.a customer writes "hot" checks.
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
