Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 7 - Cash and Receivables - Questions - Page 405: 4

Answer

Long-term assets section

Work Step by Step

Restricted cash for debt redemption should be reported under the long-term assets section, considering that the deb is long, it's only proper for us to do the same to the item.
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