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Which of the following statements regarding hoat is NOT true? As interest rates decline, the value of reducing float also declines. There is value in
Which of the following statements regarding hoat is NOT true? As interest rates decline, the value of reducing float also declines. There is value in reducing float when a company collects payments made by check. From the perspective of a firm being paid by check, float refers to the delay in value transfer from the time the check is mailed until finally credited to the firm's checking account. Increasing collections float increases the speed with which money is available to a firm to use
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