Find the net float and desirable

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Reference no: EM13813939

A Smith industry has $24,000 in deposits that have been recorded by Smith but not by its bank. Smith also has $22,450 in outstanding checks that have not yet cleared the bank. Current balance is $14,400. Find:

1. Net float (indication if number is positive or negative),

2. Is this desirable? Explain.

Reference no: EM13813939

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