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
no
Equity.
11.90
current asset.
No
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 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.
Yes closing stock is balance sheet item and shown under current asset in asset side.
why is share of OGDC common stock an asset for its owner and a liability for OGDC?
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.
Type your answer here... par value of the stock
fixed asset - property, land, machinery, vehicles, etc Current asset- stock, recievables, petty cash.
Common Stock is a Credit. Closing Stock is a Debit.
no
Reduction of stockholders' equity.