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.
Common Stock is a Credit. Closing Stock is a Debit.
no
When common stock is issued in exchange for an asset that is not cash, the transaction should be recorded at the fair market value of the asset received or the fair value of the stock issued, whichever is more clearly evident. If the fair value of both the stock and the asset can be determined, the transaction is typically recorded using the fair value of the asset. This ensures that the financial statements reflect an accurate representation of the value exchanged in the transaction.
Equity.
Common stock is considered a non-current asset on a company's balance sheet. It represents ownership in the company and is typically classified under shareholders' equity rather than as a current asset. Current assets are those expected to be converted into cash or used within one year, while common stock reflects long-term investment in the company.
If stock means investment in stock of other company then yes it is fianancial asset for business.