Cash Should Be Correctly Identified and Classified in the Balance

question 32

Multiple Choice

Cash should be correctly identified and classified in the balance sheet. The classification that is correct is:

• A) cash on deposit is always a non-current asset.
• B) cash on deposit is always a current asset.
• C) fixed-term deposits are always non-current assets.
• D) fixed-term deposits are always current assets.

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Definitions:

Weak Ego

Refers to an individual's fragile self-identity, which can struggle to deal with stress or maintain a firm sense of self.

Unconditional Positive Regard

An accepting and non-judgmental form of affection and respect, regardless of a person's behavior or beliefs.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing empathy, personal growth, and the inherent goodness of individuals.

Total Acceptance

Unconditional positive regard and acceptance of an individual, regardless of their actions or beliefs.