Ch. 7

Question 0

Where should restricted cash be categorized when it is NOT legally binding? Should there be a disclosure note?

Answer 0

Under:
Cash or
Cash equivalents

Yes - needs a disclosure note

Question 1

Where should restricted cash be categorized when it is legally binding? Should there be a disclosure note?

Answer 1

Under:
Current assets
Or
Non-current assets

Yes - needs a disclosure note