The disposition of a plant asset is reported on the statement of cash flows as a...

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The disposition of a plant asset is reported on the statement of cash flows as a financing activity. O O True False

Intangibles with indefinite lives are never amortized. True True False

Acquisitions and sales of long-term assets are reported as investing activities on the statement of cash flows. O O True Fals

business accounting

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Answer 1

Answer #1

a) False, disposition of as asset is an investing activity.

b) False, all intangibles are amortized

c) True.

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Answer 2

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