Transactions That Involve Acquiring or Disposing of Noncurrent Assets Are

question 71

True/False

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

---

Definitions:

Fees Earned

Income generated from services provided or work completed.

Statement Of Cash Flows

A financial report that shows how changes in the balance sheet and income statement affect cash and cash equivalents.

Operating Activity

Activities that relate directly to the operations of the company, including production, sales, and other core business functions.

Investing Activity

Financial operations related to acquiring or disposing of non-current assets, crucial for budgeting and strategic planning of an organization's capital.