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UpTown Beverages Has a Checkbook Balance of $132,462

Question 27

Multiple Choice

UpTown Beverages has a checkbook balance of $132,462.However,when the financial manager looks up the firm's account on the bank's website,the balance that appears is $147,918.What is the net float? Is the net float a collection float or a disbursement float?


A) −$15,456; collection float
B) −$15,456; disbursement float
C) $15,456; collection float
D) $15,456; disbursement float
E) $0; neither collection nor disbursement float

Correct Answer:

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