Brfeldatb8alvaro Brfeldatb8alvaro

08-09-2016
Business

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whether investments are reported as current assets or noncurrent assets depends on the company's intent. (points : 5) true false

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keshavprakash keshavprakash

08-09-2016

False . It depends upon the object itself.
Assume this senario ( It's hypothetical)
If company X purchases a land (A land is a non current asset). If the company decided to fill the whole land with cash( which is a current asset) . The land doesn't automatically turn into a current assets.

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