You have $5000 in your checking account. You just deposited $1000 and wrote a check for $3,500.

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You have $5000 in your checking account. You just deposited $1000 and wrote a check for $3,500. What is the net float?

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Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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Posted Date: May 22, 2023 12:26 AM

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You have $5000 in your checking account. You just deposited $1000 and wrote a check for $3,500.

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To determine the net float we need to consider the time it takes for the deposit and the check to cl... View the full answer

Financial and Managerial Accounting

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