Jim's Company has the following items: cash in a checking account,$1,000; cash in a savings account,$4,000; high-grade government securities due in one month,$3,586; accounts receivable,$3,000; cash pledged as collateral for a loan,$10,000.How much should appear as Restricted Cash on the balance sheet?
A) $5,000
B) $10,000
C) $15,000
D) $18,586
Correct Answer:
Verified
Q90: A petty cash fund:
A)is established to pay
Q138: Hill Company purchased stamps for $46 using
Q139: A company receives customer checks in the
Q141: Lori's Company has the following items: cash
Q145: In a cash budget,if the cash available
Q146: The Nichols Company borrowed $12,000 from the
Q147: The cash-budget can span any length of
Q152: When preparing a cash budget, a company
Q163: Cash and cash equivalents do NOT include:
A)time
Q169: A compensating balance maintained for a loan
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents