Question

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

Answer 1

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.