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.
Opening stock is the asset and shown under balance sheet as current asset, because this opening stock of material will be utilized to prepare units of products for sales in future.
Capital stock is part of liability
why is share of OGDC common stock an asset for its owner and a liability for OGDC?
Type your answer here... par value of the stock
If stock means investment in stock of other company then yes it is fianancial asset for business.
I think it an asset
Opening stock is the asset and shown under balance sheet as current asset, because this opening stock of material will be utilized to prepare units of products for sales in future.
Yes closing stock is balance sheet item and shown under current asset in asset side.
Capital stock is part of liability
Yes, cash received is an asset while stock issued is liability. Cash is asset because this cash now be use for the business benefit.
why is share of OGDC common stock an asset for its owner and a liability for OGDC?
Type your answer here... par value of the stock
asset
No
Yes, it is a stock of the company so it is shown as asset in the balance sheet.
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.