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No, common stock is equity, it represents the capital provided by the owners. A liability is an obligation of the firm to other parties (like repay a bank loan, etc).
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Why is a share of OGDC common stock an asset for its owner and a liability for OGDC?
why is share of OGDC common stock an asset for its owner and a liability for OGDC?
The Common Stock Distributable account is classified as a current liability?
FALSE!
Common stock in a balance sheet?
Common stock is shown under owner equity section of balance sheet at liabilities side as it is the liability for business to be paid.
Is Capital stock asset or liability?
Capital stock is part of liability
Is common shares considered as a current liability?
Outstanding stock is an "owner's equity" account. It's on the same side of the accounting equation as liabilities, but it is not a liability.
Why is a share of OGDC common stock an asset for its owner and a liability for OGDC?
why is share of OGDC common stock an asset for its owner and a liability for OGDC?
The Common Stock Distributable account is classified as a current liability?
FALSE!
Common stock in a balance sheet?
Common stock is shown under owner equity section of balance sheet at liabilities side as it is the liability for business to be paid.
In a corporate balance sheet is common stock considered an asset liability or equity?
Equity.
Is Capital stock asset or liability?
Capital stock is part of liability
Is common shares considered as a current liability?
Outstanding stock is an "owner's equity" account. It's on the same side of the accounting equation as liabilities, but it is not a liability.
What are the accounting journal entries to record the exchange of debt for common stock?
Debit the liability (debt) account and credit Common Stock (for the par value of the shares) and Additional Paid in Capital (for the balance).
Is common stock a credit 0r debit balance?
Common stock is a portion of capital of company and capital has a credit balance that's why common stock also has a credit balance and shown under owner's equity portion under liability side of balance sheet
How does selling common stock affect the balance sheet?
Selling common stock increases the cash of business as well as increase the share capital of business or liability of business and both are balance sheet items.
Is common stock on the income statement or balance sheet?
Common stock is a liability account in nature and it is the amount which is payable by business back to it's owners that's why it is shown in balance sheet and not in income statement.
Are common stocks considered an expense?
Common stocks are indeed considered an expense. However, if the company from which the stock is issued is not profitable, it could be considered a liability.
Is dividends payable in stock a liability?
No,
