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On the balance sheet, the par value of outstanding shares is recorded to common stock, and the excess (that is, the amount the market price adds to par value) is recorded to additional paid-in capital. The sum of common stock and additional paid-in capital represents the paid-in capital.
Par value, also known as nominal or original value, is the face value of a bond or the value of a stock certificate, as stated in the corporate charter. Stock certificates issued for purchased shares show the par value.
Par value is the value of a single common share as set by a corporation's charter. It is not typically related to the actual value of the shares. In fact it is often lower. Any stock certificate issued for shares purchased shows the par value. When authorizing shares, a company can choose to assign a par value or not.
The par value is the minimum price at which a corporation can legally sell its shares, and most are priced below $0.01. As a real-life example, Apple (NASDAQ: AAPL) has set its common stock's par value at $0.00001 per share.
You can find the par value of a company's stock by examining the shareholder's equity section of the business's balance sheet. There you'll also find additional paid-in capital. Paid-in capital increases when the company issues shares to investors who pay more than par value, like in an initial public offering (IPO).