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Baker's Confectionery Just Received a Check from a Customer for $1,289

Question 3

Multiple Choice

Baker's Confectionery just received a check from a customer for $1,289 that it has recorded in its checkbook but has not yet deposited this check into the bank.After recording this check,the firm has a bank balance of $16,218 and a book balance of $16,309.All the firm's other deposits have cleared and those funds are currently available.What is the amount of the disbursement float?


A) $91
B) $246
C) $1,198
D) $2,487
E) $1,807

Correct Answer:

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