The sale of an intangible asset for cash is classified in the statement of cash flows as a(n) Investing activity.
An asset that is not physical in nature is said to be intangible. Intangible assets include goodwill, brand awareness, and intellectual property like patents, trademarks, and copyrights. Contrasting with tangible assets like real estate, automobiles, machinery, and stock are intangible assets.
Furthermore, financial assets that get their value from contractual claims, such as stocks and bonds, are regarded as tangible assets.
An asset that is not physical in nature, such as a patent, brand, trademark, or copyright, is referred to as an intangible asset.
Intangible assets can be produced or purchased by businesses.
An intangible asset may be seen as definite or indefinite, such as a contract or legal arrangement (for example, a brand name).
A company's intangible assets do not appear on the balance sheet and do not have a documented book value.
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