Which of the Following Is the Correct Accounting Under GAAP

question 199

Multiple Choice

Which of the following is the correct accounting under GAAP for cash?

• A) Cash on hand is not reported on the statement of financial position as Cash.
• B) Restricted cash funds cannot be reported as a current asset.
• C) Restricted cash funds may be reported as a current or non-current asset depending on the circumstances.
• D) Cash cannot be combined with cash equivalents.

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Definitions:

Motivator-Hygiene Theory

A theory proposed by Frederick Herzberg that suggests job satisfaction and dissatisfaction arise from two different sets of factors - motivation factors and hygiene factors.

Job Satisfaction

The level of contentment employees feel about their job, including aspects such as the nature of the work, conditions, pay, and recognition.

Higher Need Fulfillment

Refers to the greater satisfaction of an individual’s essential desires or motivations.

Knowledge of Results

information provided to individuals about the outcome of their actions, serving as a form of feedback.