UpTown Beverages Has a Checkbook Balance of $132,462

question 50

Multiple Choice

UpTown Beverages has a checkbook balance of $132,462.However,when the financial manager looks up the firm's account on the bank's website,the balance that appears is $147,918.What is the net float? Is the net float a collection float or a disbursement float?

• A)−$15,456; collection float
• B)−$15,456; disbursement float
• C)$15,456; collection float
• D)$15,456; disbursement float
• E)$0; neither collection nor disbursement float

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