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Wiley GAAP 2020
book

Wiley GAAP 2020

by Joanne M. Flood
February 2020
Intermediate to advanced content levelIntermediate to advanced
1456 pages
52h 54m
English
Wiley
Content preview from Wiley GAAP 2020

6ASC 230 STATEMENT OF CASH FLOWS

PERSPECTIVE AND ISSUES

Entities must:

  • explain the changes in the combined total of restricted and unrestricted cash.
  • combine restricted cash with unrestricted cash and cash equivalents in the statement of cash flows and entities.
  • not present transfers between cash and cash equivalents and restricted cash and restricted cash equivalents.

    (ASC 230-10-45-4 and 45-6)

The ASC does not provide a formal definition of unrestricted cash, but entities must disclose information about the nature of the restriction. Companies generally present restricted cash separately from cash and cash equivalents. However, the line item may not be titled restricted cash.

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Publisher Resources

ISBN: 9781119652625