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:

Stock Investments

Financial assets representing ownership in a corporation, giving the holder a share of the corporation's earnings and assets.

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, by recognizing income in proportion to their ownership percentage.

Cash Dividends

The allocation of a part of a corporation's profits, determined by its board of directors, to a group of its stockholders as cash.

Comprehensive Income

Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. It encompasses net income and other comprehensive income items.