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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.

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10y ago

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Is common stock a long term or current asset?

No


Is common stock current or non current asset?

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.


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Is closing stock a balance sheet item?

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Common stock is assets or liabilities?

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Is opening stock an asset or liability?

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When a plant asset is acquired by issuance of common stock the cost of the plant asset is properly measured by the?

Type your answer here... par value of the stock


What are things to be as fix assets and current asset and give example of each?

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Is an investment in a companies common stock considered a section 1231 asset?

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