Multiple Choice
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
Correct Answer:
Verified
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