Which of the following best describes restricted cash?
A) Cash to be collected from customers from sales on account.
B) Cash that is not available to be used for current operations.
C) Cash that has been borrowed from a bank with a high interest rate.
D) Dividends that are expected to be paid to common stockholders in the following year.
Answer: Cash that is not available to be used for current operations.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.