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.
Examples of stockholders' equity accounts include: 1  Common Stock. 2  Preferred Stock. 3  Paid-in Capital in Excess of Par Value. 4  Paid-in Capital from Treasury Stock. 5  Retained Earnings. 6  Accumulated Other Comprehensive Income. 7  Etc.