All of the Following Are Components of Float Except

Multiple Choice

All of the following are components of float except:

A) the time it takes the receiving firm to make a sale on credit and receive payment from the purchasing firm.
B) the time it takes the cheque to clear through the banking system so that the funds are available to the firm.
C) the time it takes the receiving firm to process the cheque and deposit it in an account.
D) the time it takes the cheque to reach the firm after it is mailed by the customer.