Jim's Company Has the Following Items: Cash in a Checking

question 52

Multiple Choice

Jim's Company has the following items: cash in a checking account,$1,000; cash in a savings account,$4,000; high-grade government securities due in one month,$3,586; accounts receivable,$3,000; cash pledged as collateral for a loan,$10,000.How much should appear as Restricted Cash on the balance sheet?

• A)$5,000
• B)$10,000
• C)$15,000
• D)$18,586

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Definitions:

Unfairly

In a manner that is unjust, partial, or prejudiced, not giving equal treatment or opportunity.

McClelland's Motivation Theory

A psychological theory that identifies three primary drivers of motivation: need for achievement, need for affiliation, and need for power.

Need for Achievement

The motivation to excel, to achieve in relation to a set of standards, or to compete successfully against challenging criteria.

Control

The power to influence or direct people's behavior or the course of events, often to achieve a desired outcome.