You have $85,000 on deposit with no outstanding checks or uncleared deposits. One day you write a
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You have $85,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $21,600. Does this create a disbursement float or a collection float? What is your available balance? Book balance?
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The available balance is the amount you have on d...View the full answer
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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