Marshell Company Has Cash in Bank of $15,000, Restricted Cash

question 7

Multiple Choice

Marshell Company has cash in bank of $15,000, restricted cash in a separate account of $4,000, and a bank overdraft in an account at another bank of $2,000.Marshell should report cash of

• A)$13,000.
• B)$15,000.
• C)$18,000.
• D)$19,000.

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Definitions:

Self-discipline

The ability to control one's feelings, impulses, and desires in order to achieve long-term goals.

Principle of Justice

A fundamental ethical guideline that emphasizes fairness, equality, and impartiality in the distribution of benefits and burdens.

Ethical Principle

Fundamental guidelines or values that inform and direct moral behavior, ensuring actions are consistent with ethical standards.

Cultural Ideals

The highly regarded or admired beliefs, values, and practices within a given culture, representing what is considered to be exemplary or desirable.