You have $12,700 on deposit with no outstanding checks or uncleared deposits. If you deposit a check

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You have $12,700 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $2,400, does this create a disbursement float or a collection float? What is your available balance? Book balance?

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Essentials of Corporate Finance

ISBN: 978-1259277214

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jun 30, 2016 09:39 AM

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You have $12,700 on deposit with no outstanding checks or uncleared deposits. If you deposit a check

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Essentials of Corporate Finance

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