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Which one of the following statements is CORRECT about collection float? Select one: A. Collection float is existing when the available balance exceeds the book
Which one of the following statements is CORRECT about collection float?
Select one:
A. Collection float is existing when the available balance exceeds the book balance.
B. Collection float can be avoided by collecting payments electronically at the time of sale.
C. Collection float is more desirable to companies than disbursement float.
D. Collection float is eliminated by implementing a concentration banking system.
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