nonoperating assets JUST WRITTEN FOR YOU
/nɑːnˌɒpəˈreɪtɪŋ ˈæsɪts/ · non.op.er.at.ing.as.sets
noun
- Assets that are not directly involved in the production or sale of goods and services, such as investments, cash, or other financial instruments. The company's nonoperating assets, including its investments and cash reserves, were valued at $10 million.
- Assets that do not generate revenue or income, such as idle equipment or unused property. The company's nonoperating assets, including its idle equipment and unused property, were sold to reduce debt.
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Did you know? The distinction between operating and nonoperating assets is crucial in financial accounting, as it affects the calculation of a company's net income and profitability.