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UpTown Beverages has a checkbook balance of $132,462. However, when the financial manager looks up the firm's account on the bank's website, the balance that
UpTown Beverages has a checkbook balance of $132,462. However, when the financial manager looks up the firm's account on the bank's website, the balance that appears is $147,918. What is the net float? Is the net float a collection float or a disbursement float?
A. $0; neither collection nor disbursement float
B. -$15,456; disbursement float
C. $15,456; collection float
D. $15,456; disbursement float
E.-$15,456; collection float
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