Restricted cash should be reported
A)always as a noncurrent asset.
B)separately on the income statement.
C)separately on the balance sheet.
D)always as a current asset.

Name: Restricted cash should be reported A)always as a noncurrent asset. B)separately on the income statement. C)separately on the balance sheet. D)always as a current asset.
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Question

Quizplus · Accepted Answer

Restricted cash should be reported separately on the balance sheet to distinguish it from unrestricted cash, as it is not available for general use.

Restricted Cash Should Be Reported