Activities described as relating to the acquisition and/or disposal of non-current assets under AASB 107 are classified as:
A) investing activities
B) financing activities
C) operating activities
D) none of the above

Question

Quizplus · Accepted Answer

Activities relating to the acquisition and/or disposal of non-current assets are classified as investing activities under AASB 107 because they involve cash flows related to the purchase or sale of long-term assets that are not part of the company's core operations or financing activities. Examples of non-current assets include property, plant, and equipment, as well as investments in securities and other long-term assets.

Activities Described as Relating to the Acquisition And/or Disposal of Non-Current