Equity or debt securities held to finance future construction of additional plants should be classified on a statement of financial position as

Question

Quizplus · Accepted Answer

Equity or debt securities held to finance future construction of additional plants are not intended for immediate use in operations, so they should not be classified as current assets or property, plant, and equipment. They are also not intangible assets, as they have a tangible form. The most appropriate classification for such securities is non-current investments.

Equity or Debt Securities Held to Finance Future Construction of Additional