Float Is Defined as the Difference Between Which of the Following

question 24

Multiple Choice

Float is defined as the difference between which of the following?

• A)Beginning cash balance and the ending cash balance as shown on a cash budget
• B)Ledger balance and the available balance
• C)Book balance and the ledger balance
• D)Collections and disbursements for any given period of time
• E)Available balance and the collected balance

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Definitions:

False Alternative

A logical fallacy that occurs when only limited alternatives are considered, when in fact more options are available.

Dichotomy

A division or contrast between two things that are or are represented as being opposed or entirely different.

Argument

A series of statements or reasons made to persuade others that an idea or point of view is correct or valid.

True

In accordance with fact or reality, without falsehood or error.