Which of the Following Items Would Be Reported as Cash

question 232

Multiple Choice

Which of the following items would be reported as cash on the statement of financial position?

• A) Note payable due in 90 days.
• B) Cash equivalent.
• C) Cash that will be used for future expansion, beginning in eighteen months.
• D) Restricted cash that will not be used within the upcoming year.

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Definitions:

Coelomic Fluid

Fluid found within the coelom, the body cavity of most animals, which aids in the transport of gases, nutrients, and waste materials.

Nephridia

Excretory organs in many invertebrates, including annelids, that serve to remove metabolic wastes from an organism’s body.

Earthworm

A terrestrial invertebrate belonging to the phylum Annelida, known for its role in aerating the soil and enhancing soil fertility.

Bladder

A hollow organ in the lower abdomen that stores urine from the kidneys before disposal.