Cash held by a foreign subsidiary that is not readily available to the parent must not be included with cash and cash equivalents on the consolidated Statement of Financial Position.

Question

Quizplus · Accepted Answer

Cash held by a foreign subsidiary that is not readily available to the parent must be excluded from the consolidated Statement of Financial Position's cash and cash equivalents. If it is not readily available, it cannot be considered liquid, and therefore, it cannot be included in the cash and cash equivalents line item.

Cash Held by a Foreign Subsidiary That Is Not Readily