One Advantage of Zero Balance Accounts Is an Increase in Disbursing

question 50

True/False

One advantage of zero balance accounts is an increase in disbursing float.

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Definitions:

Merger

The combination of two or more companies into a single legal entity, often to achieve greater efficiencies of scale and scope.

Rights and Liabilities

Legal entitlements and responsibilities held by individuals or entities under the law.

Surviving Corporation

The remaining, or continuing, corporation following a merger.

Assets and Liabilities

Elements of a financial statement; assets represent resources owned, while liabilities represent obligations owed.