How does the bank closure affect the firms float assuming

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Reference no: EM13768805

Taylor's Market received five checks today and went to the bank to deposit all of them. Unfortunately, the bank was closed for the day due to a robbery. How does the bank closure affect the firm's float assuming these five checks are the only outstanding bank items?

Collection float increased

Disbursement float increased

Disbursement float decreased

Net float remained unchanged

Collection float decreased

Reference no: EM13768805

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