Issueing state vs par

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Last updated 1:41 PM on 9/26/26
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13 Terms

1
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Common stock advantages

seprate legal enity, limited liability , transfeable, continues life (owner dies) shares dilute

2
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common stock disadvantages

more government regulation, double taxation

3
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common stock par

assigned value

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common stock Issued at Par

Dr. Cash; Cr. Common Stock
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Common Stock Issued Above Par
Dr. Cash; Cr. Common Stock; Cr. Paid-in Capital in Excess of Par Value
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Common Stock Issued Below Par
Dr. Cash; Dr. Discount on Common Stock; Cr. Common Stock
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No-Par Common Stock
Dr. Cash; Cr. Common Stock
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No-Par Common Stock with Stated Value
Dr. Cash; Cr. Common Stock; Cr. Paid-in Capital in Excess of Stated Value
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Stated Value
Assigned value given to no-par common stock for accounting purposes
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Common Stock Issued at Stated Value
Dr. Cash; Cr. Common Stock
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Common Stock Issued Above Stated Value
Dr. Cash; Cr. Common Stock; Cr. Paid-in Capital in Excess of Stated Value
12
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Common Stock Issued Below Stated Value
Dr. Cash; Dr. Discount on Common Stock; Cr. Common Stock
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Stated Value
Assigned value given to no-par common stock for accounting purposes