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Taylor's Market received five checks today and went to the bank to deposit all of them. Unfortunately, the bank was closed for the day due
Taylor's Market received five checks today and went to the bank to deposit all of them. Unfortunately, the bank was closed for the day due to a robbery. How does the bank closure affect the firm's float assuming these five checks are the only outstanding bank items?
Collection float increased | |
Disbursement float increased | |
Disbursement float decreased | |
Net float remained unchanged | |
Collection float decreased |
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