That what ethical dilemmas will be raised, if the book balance of a firm is $2 million and at the ATM, the cash manager finds it representing as $2.5 million. Introduction: Float is defined as the difference between the balance shown in ledger of the company and the balance that is available at the bank. Available balance refers to the balance that is shown by the banks of that particular company. Disbursement float is the difference between the payment paid to the customers and distributors that is subtracted from the ledger and the amount that is be deducted from the available bank account in the later days.

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Chapter 27, Problem 7CQ

Summary Introduction

To identify: That what ethical dilemmas will be raised, if the book balance of a firm is $2 million and at the ATM, the cash manager finds it representing as $2.5 million.

Introduction:

Float is defined as the difference between the balance shown in ledger of the company and the balance that is available at the bank. Available balance refers to the balance that is shown by the banks of that particular company.

Disbursement float is the difference between the payment paid to the customers and distributors that is subtracted from the ledger and the amount that is be deducted from the available bank account in the later days.

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