Which of the following best describes restricted cash?

A. Dividends that are expected to be paid to common stockholders in the following year.
B. Cash to be collected from customers from sales on account.
C. Cash that has been borrowed from a bank with a high interest rate.
D. Cash that is not available to be used for current operations.


Answer: D

Business

You might also like to view...

Which of the following strategies would a company most likely use to increase customer perceived value?

A) decreasing the variety of offered services B) reducing data mining practices C) lowering prices D) "firing" unprofitable customers E) limiting customer experiences with a brand

Business

You can maximize recognition of your résumé by a tracking system if you use targeted keywords and incorporate words from the advertisement or job description

Indicate whether the statement is true or false

Business

An indorsement must be written within 1 1/2 inches of the trailing edge of the back of the check or negotiability is destroyed

Indicate whether the statement is true or false

Business

Was Robinson engaging in the unauthorized practice of law by giving legal advice and preparing legal documents for his clients?

What will be an ideal response?

Business