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:

Foreign Corporations

are business entities that are incorporated in one state but are doing business in another where they must register as a foreign corporation.

Age Discrimination

Unfair treatment or prejudicial actions against individuals or groups based on their age, particularly in employment settings.

Employment Act

Legislation aimed at regulating the relationship between employers and employees, including conditions of employment and workers' rights.

Protected Class

Groups of people legally protected from discrimination under various federal and state laws.