A firm has $16,718 in outstanding checks that have not cleared the bank.The firm also has $13,450 in deposits that have been recorded by the firm but not by the bank.The current available balance is $11,407.What is the status of the net float?
A) net collection float of $8,138
B) net collection float of $2,043
C) net collection float of $13,450
D) net disbursement float of $3,268
E) net disbursement float of $5,311
Correct Answer:
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