Restricted cash: Statement of cash flows presentation

On November 17, 2016, the FASB issued Accounting Standards Update (ASU) 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, providing specific guidance on the cash flow classification and presentation of changes in restricted cash and restricted cash equivalents. Diversity exists in current practice on how restricted cash is presented on the statement of cash flows, with classification seen in the operating, investing, and financing sections of the statement of cash flows. The FASB decided that none of these classifications