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Which of the following statements correctly describes the reporting of cash? Cash is listed first in the current assets section. Restricted cash funds exists when
Which of the following statements correctly describes the reporting of cash?
Cash is listed first in the current assets section.
Restricted cash funds exists when a cash account has a net negative balance.
Restricted cash funds may be combined with Cash.
Cash cannot be combined with cash equivalents.
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Swanson On Internal Auditing Raising The Bar
Authors: IT Governance Publishing
1st Edition
1849280673, 978-1849280679
