Restricted Cash Is Defined as

question 79

Multiple Choice

Restricted cash is defined as

• A) a temporary investment which is due in 90 days.
• B) cash which is to be used for a special purpose.
• C) cash which is held in a US bank.
• D) a cash overdraft.

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Definitions:

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale.

Ad Valorem Tax

A tax based on the assessed value of an item, such as property or goods, typically expressed as a percentage.

California

A diverse and populous state located on the Pacific coast of the United States, known for its significant economic, cultural, and political influence.

Government Revenue

The total income received by the government from taxes and non-tax sources.