You have $165,000 on deposit with no outstanding checks or un-cleared deposits. One day you write a

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You have $165,000 on deposit with no outstanding checks or un-cleared deposits. One day you write a check for $48,000. 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: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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