Share With No Par Value
Description
How to fill out Amendment Of Common Stock Par Value?
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FAQ
No-Par Value Stock Example. Imagine a company issues 100,000 shares of stock at $15/share. The company has decided to issue no-par stock. As part of the sale, the company received $1.5 million (100,000 shares * $15/share).
If a company has sold no-par-value stocks, the proceeds from the transaction will be credited to the common stock account only. Hence, the accounting entry will be a debit to cash and credit to the common stock account.
Meaning of no par value in English if company shares have no par value, they have no stated value or price when they are made available for the first time: The trustees are issuing an unlimited number of shares of beneficial interest, with no par value.
No-par stocks are those where the value of the stocks relies completely on the market, not at all based upon any guaranteed value (the par value) set at the issuance of the stocks.
Example of Stock with No Par Value If a corporation is not required to have a par value (or a stated value) for its common stock and the corporation issues 100 shares for $2,000, the accounting entry will debit Cash for $2,000 and will credit Common Stock for $2,000.