Taylor's Market Received Five Checks Today and Went to the Bank

question 86

Multiple Choice

Taylor's Market received five checks today and went to the bank to deposit all of them.Unfortunately, the bank was closed for the day due to a robbery.How does the bank closure affect the firm's float assuming these five checks are the only outstanding bank items?

• A)Collection float increased
• B)Collection float decreased
• C)Disbursement float increased
• D)Disbursement float decreased
• E)Net float remained unchanged

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The act of verifying information to ensure its accuracy and reliability, especially before dissemination.

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A document that outlines the objectives, deliverables, and boundaries of a project, including what is and is not part of the project.

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