Internally developed intangible assets

Hello everyone,

I often hear that internally developed intangible assets are not recorded on balance sheet, and “costs of internally developing intangible assets are classified as operating cash outflows whereas costs of acquiring intangible assets are classified as investing cash outflows” (these words are quoted from the curriculum in the context that they’re saying that costs associated with internally developing intangible assets are usually expensed). So my question is, if we are to capitalize costs to internally develop intangible assets, will they appear on balance sheet and will the cash flows be classified as investing cash outflows?