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the amount of cash reported as a current asset may not include: multiple choice foreign currency. money orders. restricted cash. undeposited customer checks.

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anshumanaryan799

The amount of cash reported as a current asset may not include restricted cash.

Restricted cash refers to money held for a specific purpose. This means it cannot be used for immediate or general business use. Restricted cash is presented separately from cash on the balance sheet, but its purpose is disclosed in the financial statement footnotes.

  • Common examples of restricted cash are eligible deposits, minimum bank account balances, and entrusted funds. Restricted cash often arises from legally binding agreements.
  • Restricted cash refers to cash that is held by a business for a specific reason and cannot be readily used in the ordinary course of business. This can be compared to unlimited cash, which refers to cash that can be used for any purpose.

Learn more about restricted cash here: https://brainly.com/question/28099224?answering=true&answeringSource=feedPublic%2FhomePage%2F9&source=main-feed-latest

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