why is share of OGDC common stock an asset for its owner and a liability for OGDC?
asset
Type your answer here... par value of the stock
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
Common Stock is a Credit. Closing Stock is a Debit.
why is share of OGDC common stock an asset for its owner and a liability for OGDC?
asset
No
Type your answer here... par value of the stock
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
If a common stock of other entity is purchased with the intentions to resale in current fiscal period then it is current asset. Otherwise, if it is purchased with the intention to retain for more than one fiscal year then it is long term asset.
no
Common Stock is a Credit. Closing Stock is a Debit.
Equity.
Yes, stock is an asset. Stocks are proof of a financial investment in a company, and therefore an asset in relation to accounting.
If stock means investment in stock of other company then yes it is fianancial asset for business.
Yes it is True.... Xiv NORTE