Is contributed capital current asset or cash asset?

[Francisco Tan]

Hi i would like to know is contributed capital current asset or cash asset, someone please reply me ASAP appreciate!!

 

[DTA93433]

Contributed capital is recorded as a credit on the Stockholder's Equity section of a balance as "Contributed Capital" - if it is in excess of par value, then "Contributed Capital in Excess of Par Value". It's offsetting debit is an asset account (ie, Cash, Property, etc.) Whether or not the asset is short or long term depends on the asset contributed.