Transactions that involve acquiring or disposing of noncurrent assets are generally classified as investing activities on the statement of cash flows.

Question

Quizplus · Accepted Answer

Transactions involving noncurrent assets such as property, plant, and equipment, or investments, are classified as investing activities on the statement of cash flows as they involve the acquisition or disposal of long-term assets that are not part of the company's normal operations.

Transactions That Involve Acquiring or Disposing of Noncurrent Assets Are