29. Marshall’s Equipment has a book balance of $34,500. The $900 deposit which was made today will be added to the available balance tomorrow. There is $8,500 worth of outstanding checks. Which one of the following statements accurately reflects this situation.

29. Marshall’s Equipment has a book balance of $34,500. The $900 deposit which was made today will be added to the available balance tomorrow. There is $8,500 worth of outstanding checks. Which one of the following statements accurately reflects this situation.

The $900 is the disbursement float.

The firm’s current available balance = $34,500+$900-$8,500.

The firm’s disbursement float exceeds its collection float.

The firm’s net float is equal to $900 plus $8,500.

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