OFAC, Office of Foreign Assets Control, Homeland Security, Acts & Compliance, Searches and Information and Background. The Office of Foreign Assets Control (âOFACâ) of the U.S. Dept. of the Treasury enforces economic and trade sanctions based on foreign policy and national security goals.
Accounting For Stockholders' Equity. A corporation's balance sheet reports its assets, liabilities, and stockholders' equity. Stockholders' equity is the difference (or residual) of assets minus liabilities. Because of the cost principle (and other accounting principles), assets are generally reported on the balance sheet at cost (or lower) amounts.
What is a 'Stock' Stock is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings. There are two main types of stock: common and preferred. Common stock usually entitles the owner to vote at shareholders' meetings and to receive dividends.