ABC Corpshows a Ledger Balance of $50,000 Prior to Writing a a Cheque

question 39

Multiple Choice

ABC Corp.shows a ledger balance of $50,000 prior to writing a cheque for $5,000 and depositing $1,000 in cheques.What is the amount of their net float?

• A)$1,000
• B)$4,000
• C)$5,000
• D)$6,000

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Definitions:

Violates

To break or fail to comply with a rule or formal agreement.

Ethical Focus

The prioritization of ethical considerations and principles in the decision-making processes and practices of an individual or organization.

Deplete

To deplete means to use up or exhaust the supply or resources of something.

Performance Goals

Specific, measurable objectives set by individuals or teams to achieve desired levels of performance within a set timeframe.