Which of the Following Is the Correct Accounting Under GAAP

Multiple Choice

Which of the following is the correct accounting under GAAP for cash?

A) Cash on hand is not reported on the statement of financial position as Cash.
B) Restricted cash funds cannot be reported as a current asset.
C) Restricted cash funds may be reported as a current or non-current asset depending on the circumstances.
D) Cash cannot be combined with cash equivalents.