capital stock reacquired

Liabilities1

1. 405-946Financial Services—Investment Companies405 Liabilities

   This Subtopic gives presentation guidance for liabilities in an investment company's statement of assets and liabilities. It requires accounts payable to be broken out separately for investment securities purchased and for capital stock reacquired, and describes what falls into "other liabilities." Foreign-currency payables are translated at current exchange rates and may be grouped with the corresponding functional currency payables.