What is the net float is the net float a collection float, Financial Management

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What is the net float is the net float a collection float

UpTown Beverages has a checkbook balance of $132,462. However, when the financial manager looks up the firm's account on the bank's website, the balance that appears is $147,918. What is the net float? Is the net float a collection float or a disbursement float?

A. $0; neither collection nor disbursement float

B. -$15,456; disbursement float

C. -$15,456; collection float

D. $15,456; collection float

E. $15,456; disbursement float

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