Which of the following would be classified as part of the cash account on the statement of financial position?
A)short-term investments
B)prepaid expenses
C)currency
D)restricted cash

Question

Quizplus · Accepted Answer

Currency is a component of the cash account on the statement of financial position. Short-term investments and restricted cash are not included in the cash account, while prepaid expenses are considered a current asset but not part of the cash account.

Which of the Following Would Be Classified as Part of the Cash