Accounting for stock at a stated value is almost identical to recording:

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Accounting for stock at a stated value is similar to recording par stock because in both cases, the company assigns a value to the stock and records it as such on the balance sheet. Both types of stock have a set value per share that is determined by the company, and this value is used for accounting and reporting purposes. Outstanding stock is all shares that the company has issued and not repurchased, while issued stock refers to the total number of shares that the company has authorized to issue. No-par stock does not have a set value per share, which makes it different from both par and stated value stock.

Accounting for Stock at a Stated Value Is Almost Identical