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.