Which Best Describes Why Firms Maintain Float

question 91

Multiple Choice

Which best describes why firms maintain float?

• A)Float refers to the difference between the firm's available or collected balance at its bank and the firm's net income statement.
• B)Float refers to the difference between the firm's available or collected balance at its bank and the firm's balance sheet.
• C)Float refers to the difference between the firm's available or collected balance at its bank and the firm's book, or ledger, balance
• D)Float refers to the difference between the firm's available or collected accounts receivable balance at its bank and the firm's book, or ledger, balance.

---

Definitions:

Post-divorce Lives

Refers to the circumstances and adjustments individuals and families experience following the legal dissolution of a marriage.

Extended Families

A family group that extends beyond the nuclear family, including grandparents, aunts, uncles, and other relatives who may not necessarily live together.

School Activities

Organized events, clubs, and programs provided within a school setting to enhance student learning and social development.

Biological Children

Offspring genetically related to their parents, distinguishing from adopted or stepchildren.