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A firm has $33,080 in outstanding checks that have not cleared the bank. The firm...

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Finance

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A firm has $33,080 in outstanding checks that have not cleared the bank. The firm also has $26,000 in deposits that have been recorded by the firm but not by the bank. The current available balance is $19,290. What is the status of the net float? Multiple Choice Net collection float of $6,710. Net disbursement float of $6,710. Net collection float of $13,790. Net collection float of $7,080. Net disbursement float of $7,080

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