Whether investments are reported as current assets or noncurrent assets depends on the company's intent.

Name: Whether investments are reported as current assets or noncurrent assets depends on the company's intent.
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Question

Quizplus · Accepted Answer

The intent of the company determines whether investments are classified as current or noncurrent assets. If the intention is to sell the investments within one year, they are considered current assets. Otherwise, they are classified as noncurrent assets.

Whether Investments Are Reported as Current Assets or Noncurrent Assets