A firm has $33,080 in outstanding checks that have not cleared the bank. The firm also has $26,000 in deposits that have been recorded by the firm but not by the bank. The current available balance is $19,290. What is the status of the net float?
A) Net collection float of $6,710.
B) Net collection float of $7,080.
C) Net collection float of $13,790.
D) Net disbursement float of $6,710.
E) Net disbursement float of $7,080.
Correct Answer:
Verified
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