What kind of cash should be excluded from the current asset section?
Cash restricted to use in something other than current obligations or operations
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Subject 2. Measurement Bases of Assets and Liabilities how the values relate to economic reality and to each other.
Current assets are presented in the balance sheet in order of liquidity. The five major items found in the current assets section are:
<span>Cash. Valued at its stated value. Cash restricted for purpose other than payment of current obligations or for use in current operations should be excluded from the current asset section. Marketable securities. Valued at cost or lower of cost and market value. Accounts receivables. Amounts owed to the company by its customers for goods and services delivered. Valued at t
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