Corporations classify assets as either operating or nonoperating. Indicate whether the following transactions describe operating or nonoperating assets. Nonoperating Assets Operating Assets Reflections, a distributor of high-end wines, purchased 100 cases of a rare Bordeaux wine that it expects to sell for a sizable profit. LCD Printer Supplies Inc. obtained a list of high-quality leads for the sales department for $100,000. Ferro Co. invested $4.4 million in marketable securities at the end of the fi