The Basic Components of Collection Float Include All of the Following

question 48

Multiple Choice

The basic components of collection float include all of the following EXCEPT____________float.

• A) mail
• B) clearing
• C) disbursement
• D) processing

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Definitions:

Reporting Period

The reporting period is the span of time covered by financial reports, and it can be monthly, quarterly, or annually.

Lower Of Cost

An accounting method that values inventory at the lower of its historical cost or market value to report losses in value.

Financial Flexibility

Financial flexibility denotes an organization's ability to react to unexpected expenses and investment opportunities without jeopardizing its financial stability.