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 Negative Shareholders Equity? First of all, Equity = Assets â Liabilities Negative equity on the balance sheet simply refers to the fact that the Company owed their creditors in excess of what they owned at that point in time â basically it means that they were âbrokeâ.