Accounting for no-par common stock with a stated value is identical to accounting for:

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Accounting for no-par common stock with a stated value is identical to accounting for par value stock as both have a predetermined value assigned to the shares. However, accounting for no-par value stock is different as these shares do not have a stated value. Treasury stock and preferred stock have their own unique accounting treatments that are different from common stock.

Accounting for No-Par Common Stock with a Stated Value Is