In this journal entry, it is assumed that the company pays the same amount as the amount that it had received from issuing the stock in the first place. The journal entries are similar to those for issuing stock for cash. Journal Entries for the Issuance of Common Shares Selling common shares to investors is a common method for companies to raise capital. Retirement of common stock paying more to repurchase: Alternatively, if the company pays less than the amount it had received from issuing the stock, it can record the difference as a credit to the additional paid-in capital from stock retirement as in the journal entry below: Retirement of common stock paying less to repurchase: Sometimes, the company may decide to retire the common stock immediately after buying them back. This problem has been solved! In accounting, when the company issues the common stock, its price will be used to compare with the par value or stated value of such stock before the journal entry is made. If you have any questions or comments, please use our Ask a Question section or our contact us page. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'accountinghub_online_com-medrectangle-3','ezslot_2',152,'0','0'])};__ez_fad_position('div-gpt-ad-accountinghub_online_com-medrectangle-3-0');So lets get started! In this case, the stated value becomes the legal capital while the amount received in excess of the stated value is treated as contributed capital in excess of the stated value of the common stock. And of course, the difference here is the result of the market value being lower than the par value, not the other way around. The par value of a stock has no relationship to the price at which it is traded; investors will pay whatever they feel the stock is worth at the time. When issuing capital stock for property or services, companies must determine the dollar amount of the exchange. ", 6 Most Expensive Wedding Music Performances, 100 Best Side Hustles for Teens to Make Money, 10 Proven Psychological Pricing Strategies with Examples, 100 Office Etiquette Rules You Need to Know, 50 Best Business Letter Closings of All-Time. Likewise, the company can make the journal entry for retirement of common stock by debiting the common stock account and the additional paid-in capital account and crediting the treasury stock account to remove them from the balance sheet. The American company issued 5,000 shares of its $5 par value common stock at $8 per share. In this case, the company ABC can make the journal entry for issuance of the common stock as below: In this journal entry, both assets and equity increase by $20,000. The common stock has a par value of $1 per share. We and our partners share information on your use of this website to help improve your experience. Common Stock 30,000: 2. Likewise, its normal balance is on the debit side and this journal entry will decrease both total assets and total equity on the balance sheet. Accounting Principles: A Business Perspective. We also now have to start dealing with the premium or the additional capital above par. Common stock should be recognized on its settlement date (i.e., the date the proceeds are received and the shares are issued). And as well see, some people will be getting their money back. To sum up, the journal entry for issuing common stock varies depending on each type of issuance. So a summary of the facts of the example we have to prepare journal entries for are: This is a much simpler process compared to the first example, as we will have one exchange taking place. This is due to the value of the treasury stock is determined by the cost that the company paid to reacquire the stock, which, in this case, is $60,000 or $12 per share. We and our partners use cookies to Store and/or access information on a device. Each of these cases can be exchanged for either cash or non-cash assets depending on the agreed approach. There is also an entry for additional paid-in capital, which is a credit for the amounts in excess of the par value that investors paid for the stock. In this case, we can make the journal entry for the issuance of common stock at par value with the debit of the cash account and the credit of the common stock account. When issuing at discount, the company is putting its creditors at risk of not being able to repay the debts to creditors. However, if there is such discount stock, the accounting treatment would treat such discount as a reduction of par value recorded as a contra account of common stock account. Each of these we'll discuss briefly below. Entry #1 Paul forms the corporation by purchasing 10,000 shares of $1 par stock. At its most basic, common stock is a financial instrument representing a share of ownership in a company. Additionally, as there is a difference of $30,000 ($80,000 $50,000) which is due to the company ABC paying more to repurchase the stock, there will be also a debit of retained earnings. Memo: To record stock option compensation. The journal entry for such issuing stated value of common stock is as follows: Issuing Stock for Noncash Assets The common stock, sometimes, is issued for non-cash assets; for example in exchange for land or building, or sometimes in exchange for not paying organization expenses to the promoters. While issuing the common stock for the cash asset and the non-cash asset will increase the total assets for the impact on the balance sheet, the issuance of the common stock for service will increase the total expenses on the income statement instead. Well look at two examples under the buy-back. In every journal entry that is recorded, the debits and credits must be equal to ensure that the accounting equation (Assets = Liabilities + Shareholders' Equity) remains in balance. ABC found another buyer for 100,000 shares and so sold them back into the market. Well, this guide turned out longer than it was meant to be. From an accounting point of view, the actual par value matters little until we get to an issue price that is different to the par value. The company simply combines the repurchase and retirement of common stock together. This entry creates an entry for the 50 per cent that due from those who were allotted shares in the funding round. When a company such as Big City Dwellers issues 5,000 shares of its $1 par value common stock at par for cash, that means the company will receive $5,000 (5,000 shares $1 per share). On the other hand, if the stock price equal to the par value, only cash and common stock on the balance sheet will be affected as the result of the issuance of the stock. Once the Board approves the transaction and the paperwork is complete, the ABC accounts team would prepare the following journal entry. This means they received: 20 applications x (10,000 shares x $20 issue price x 10 per cent due on application) = $400,000. This entry is created through the following calculation: 10 applications x(10,000 shares x $20 issue price x 50 per cent due on allotment) = $1,000,000. Accountants generally record the transaction at the fair value of (1) the property or services received or (2) the stock issued, whichever is more clearly evident. The prospectus stated that on allotment of shares, the shareholder would have 30 days to deposit the required 50 per cent of the share price. When a corporation issues par value of the common stock, it can be issued at par, at a premium, or a discount. In this journal entry, the $10 par value of the common stock is not used to determine the value of the treasury stock. Once a value has been determined, the amount of shares sold multiplied by the value of each share is recorded as a debit in the service or asset expense account, and a credit in the additional paid-in capital account. The following calculation answers that question: $200,000 x ($1 par value / $20 issue price) = $10,000. Some years after Kevin brought shares in ABC Ltd, the company has agreed to buy the 100,000 class A shares back for $15. If ten thousand shares of this preferred stock are each issued for $101 in cash ($1,010,000 in total), the company records the following journal entry. It is recorded with a credit in the common stock account with the par value listed for each share. There are different requirements for shares exchanged privately compared to when shares are traded publicly on exchanges, like the New York Stock Exchange or the London Stock Exchange. As mentioned, the number of shares of the common stock that the company has issued will stay the same even after it repurchases some of the shares back from the capital market. Entry #2 Paul finds a nice retail storefront in the local mall and signs a lease for $500 a month. It includes knowledge of financial Start by creating a portfolio of your previous work To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. In this case, when we issue the common stock, we will need to record the entire amount of cash received to the common stock account without additional paid-in capital involved. So, the fair value of the shares of the common stock given up will be used as the measurement if its market value is available. To record the issue of common (or preferred) stock, you will: Keep in mind your journal entry must always balance (total debits must equal total credits). Common Stock Buyback Journal Entry: Resale the Treasury Stock (stock buyback) The common stock will be classified as treasury stock after the company's buyback from the market. And one reason for this is often these types of transactions dont involve the application, allotment and call process that you would see in an offering of shares for cash. 1 Company B sells 100 shares of its $2.00 par value stock for $3.00. When the company issues the common stock at the price higher than the par value, it can make the journal entry by recognizing the difference between stock price and the par value as the additional paid-in capital as below. Also, this is journal entry is assumed that the company pays the same amount as the amount received from issuing the stock. You will remember that these shares had a par value of $1 and were exchanged for fixed assets worth $1,500,000. ABCs Board has decided to issues to local investors, and with the capital raised, it will invest into its heavy equipment fleet and retire some long-term debt. It requires knowledge of the rules and regulations for proper recording of the journal entries. However, the company ABC pays $80,000 (including the brokerage fee) with its surplus cash for this repurchase of 10,000 shares of common stock. So in July, ABC would prepare the following journal entry (we have shown the aggregate of the journal entry that ABC would have otherwise been done 20 times). The common stock was still originally issued for $5 per share with the par value of $1 per share. these journal entries are called simple journal entries. Make journal entries to record these transactions in the books of Northern company if the shares are issued: at par. Retirement of common stock means that the company reduces the number of issued shares of common stock that it has. And these 1,000 shares of common stock have no par value.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'accountinguide_com-mobile-leaderboard-2','ezslot_17',157,'0','0'])};__ez_fad_position('div-gpt-ad-accountinguide_com-mobile-leaderboard-2-0'); In this case, we can make the journal entry for the issuance of these 1,000 of no-par common stock by debiting the $15,000, which is the proceeds we receive, to the cash account, and crediting the same amount to the common stock account as below: Zero Interest Bonds | Formula | Example | Journal Entry, Accounting for Bad Debt Recovery (Journal Entry). Unlike restricted stock, there are no offsetting journal entries to equity at the grant date. Likewise, we need to make the journal entry for issuing the common stock in order to account for the increase in the capital section of the equity on the balance sheet. Likewise, the company needs to make the sale of common stock journal entry when such transactions occur. Likewise, we can make the journal entry for issuing the no-par common stock by debiting the cash account and crediting the common stock account. This is because the regulators want to protect the creditors of the company who issues the common stock. For example, the company ABC issues 20,000 shares of common stock at par value for cash. And the acquired plot of land has an asking price of $60,000. However, the common stock is usually sold at a price that is higher than its par value or stated value. The company ABC can make the journal entry for the repurchase of 10,000 shares of its common stock on January 31, by debiting the $80,000 that it pays for into the treasury stock account and crediting the cash account with the same amount. For instance, if the companys par value of a stock is at $8 per share, but the price of the stock falls to $4 per share, the shareholders are liable for $4 per share if the stocks are redeemed at their par value. ABC Ltd and Kevin engaged the services of a third-party valuer and agreed on a sale price of $1,500,000 for the equipment. Likewise, the number of issued shares of common stock that the company ABC has issued so far will be reduced by 10,000 as of March 31. Though, the par value of the common stock is registered as $1 per share on the stock certificate. The investor receives common shares of the company and becomes an owner of the company as well. In the later section below, we will illustrate how to record the journal entry for the issuance of common stock. After the video, we will look at some more examples. But no one shareholder allowed an allocation of more than one bundle. In this case, the company can make the sale of common stock journal entry by debiting the cash account and crediting the common stock account and additional paid-in capital account. Of course, there are also uncommon cases where the company pays less to repurchase the stock. This is due to the due to the share price on the capital market is considered to be more reliable than the asking price of the land. And repurchase of common stock means that the company has a portion of its own issued shares of common stock, not directly reducing the issued shares of common stock. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'financialmemos_com-leader-1','ezslot_1',121,'0','0'])};__ez_fad_position('div-gpt-ad-financialmemos_com-leader-1-0');The last example we will look at in the journal entry for the issue of common stock is company share buy-backs. When par value stock is issued at a premium, the assets received both cash or noncash assets are higher than the value of the common stock. The par value of the common stock nowadays is usually just the number on the paper. common stock) in the equity section of the balance sheet. This includes the issuance at par value, at no par value, at a stated value, and the issuance for non-cash assets. However, the sole owner of XYZ Ltd (well call him Kevin), in his retirement, would like to invest some of his money into ABC Ltd and enjoy continued involvement in the local industry and a passive dividend income stream. When doing journal entries, we must always consider four factors: Which accounts are affected by the transaction The required entry is: As another example, assume a firm issues 100 shares ofpreferred stock with a par value of $40 per share in exchange for legal services received in organizing as a corporation. Typical Common Stock Features Possible Preferred Stock Features A comparative review of the preceding tables reveals a broad range of potential attributes. However, for today, well be assuming the Board at ABC Ltd has decided to repurchase Kevins shares as he wants to cash in and go and play golf and see the world. The first of these is the cost method. The company ABC originally issued the common stock for $5 per share with the par value of $1 per share. These are issuing stock exchange for cash, for other non-cash assets or companies buying back their own stock. Additionally, even though some jurisdictions allow the issuance of the common stock below its par value, such activity is usually very rare.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'accountinguide_com-leader-3','ezslot_14',153,'0','0'])};__ez_fad_position('div-gpt-ad-accountinguide_com-leader-3-0'); We can make the journal entry for issuing the common stock below the par value by debiting the additional paid-in capital account (if available) for the difference between cash received and the fair value of the common stock at par value as below: Issuing common stock below par value with additional paid capital: In this journal entry, we can debit the additional paid-in capital account only if there is an available balance (the credit side). Watch this video to demonstrate par and no-par value transactions. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'accountinguide_com-medrectangle-3','ezslot_2',140,'0','0'])};__ez_fad_position('div-gpt-ad-accountinguide_com-medrectangle-3-0');The sale transaction of the common stock will result in the increase of total assets in form of cash inflow and the increase in total equity as the number of issued stock will increase together with the amount of additional paid-in capital (if any). To illustrate, assume that the owners of a tract of land deeded it to a corporation in exchange for 1,000 shares of $12 par value common stock. For example, on July 1, we issue 1,000 shares of common stock at the value of $15 per share. I always say if you dont like the debits and credits, you shouldnt be an accountant. Our first debit entry is to theClass A Share Capital for $100,000, being 100,000 at $1 par value. For example if ABC Advertising decides to repurchase 900 shares of its common stock at $10 per share, the entry may look like the following: A $9,000 credit is reported to the cash account, as the company has paid back some of the cash that it has received from investors, while $9,000 is debited to the treasury stock account. This occurs when the board of directors of a company repurchases stock to reduce the amount of available stock on the market, and this stock is known as treasury stock. The ABC accounts team would prepare this journal entry: The debit to the Treasure Stock account reflects the new asset ABC Ltd holds in its own stock. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. However, in this example, ABC and Kevin agree on a price of $18 per share (Kevin was well pleased). Par value may be any amount1 cent, 10 cents, 16 cents, $ 1, $5, or $100. The accounting for each type of transaction is different. The accountant credits the excess over par value ($20,000) to Paid-In Capital in Excess of Par Value; it is part of the paid-in capital contributed by the stockholders. The corporation's charter determines the par value printed on the stock certificates issued. An example of data being processed may be a unique identifier stored in a cookie. This is due to the common stock the company has in its equity section on the balance sheet represents the common stock that it has issued so far. For example, on January 1, as a corporation, we issue 10,000 shares of the common stock for $100,000. When treasury stock is purchased by the board of directors, it is listed as a debit to the treasury stock account and a credit to the cash account. Before you can start writing a resume, you need to have a body of work to show off to potential employers. Notice how the accounting is the same for common and preferred stock. We will be dealing with two accounting methods. The transaction would generate the following journal entry: So in this journal entry, we have the deposit of $2,000,000 into ABCs bank account. Hence, the journal entry for the sale of common stock usually also includes the additional paid-in capital account for the difference between the par value and the selling price. The legal capital in this example would then be equal to$ 250,000. They are valued at the end of an accounting year and shown on the credit side of a trading account and the asset side of a balance sheet. Common stock. There are three types of transactions you will need to know when preparing a journal entry for common stock. But please scroll down to the example that matches the problem you are dealing with; we should have them all covered. This means the company XYZ issues the common stock at a price of $8 per share ($80,000 / 10,000 shares) which is below its par value of $10 per share. In this case, we can make the journal entry for issuing the 10,000 shares of common stock for the $100,000 cash by debiting the $100,000 amount to the cash account and crediting the $10,000 to the common stock account and the $90,000 to the additional paid-in capital account as below: This journal entry for issuing the common stock for the $100,000 cash will increase the total assets and total equity on the balance sheet by the same amount of $100,000 as of January 1. For example, the company ABC issues the above shares of common stock for $100,000 which is at the price of $5 per share instead of $1 per share. And that would be it. And the originally issued common stock was still $5 per share with the par value of $1 per share. In a corporation, the common stock is usually issued for a higher value than its par value. In this example, ABC Ltd is acquiring an allotment of equipment from XYZ Ltd that is closing down. This means we have additional paid-in capital of $1,400,000. And from here, we split the credit into $500,000 for the additional capital paid by the new investor. This ranges from the journal entry for issuance of common stock of all types from par value stock to no par value stock as well as stock for non-cash assets. We and our partners use cookies to Store and/or access information on a device. This is due to, in many jurisdictions, issuing the common stock at the price below the par value is prohibited; hence, the par value of the common stock that is printed on the paper stock certificate is usually a very small figure.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'accountinguide_com-medrectangle-4','ezslot_2',141,'0','0'])};__ez_fad_position('div-gpt-ad-accountinguide_com-medrectangle-4-0'); In this case, the journal entry for issuing the common stock will contain the additional paid-in capital account, in which it represents the difference between the market value of the common stock and its par value. The company can reissue the treasury stock to the market. Nothing happens at the grant date. New corporations can issue shares at prices well in excess of par value or for less than par value if state laws permit. Of course, the company ABC can also record the same way as in the first example by making two journal entries on January 31, in which one journal entry is for the repurchase of common stock and another is for the retirement of common stock. You will hear the words stock market and share market used interchangeably. The assumption is that both the asset and the stock have the same value. Par value may be any amount1 cent, 10 cents, 16 cents, $ 1, $5, or $100. For issuing the common stock for the non-cash assets, such as land, building, equipment, etc., the value of the share price on the market is usually used as the cost of the non-cash asset in the exchange. This means that the stock is issued without assigning a stated value. This contrasts with issuing par value shares or shares with a stated value. In this case, the company needs to make the journal entry for repurchase of common stock in order to account for the cost it pays for and make the journal entry for the retirement of common stock if it decides to do so. In this case, the company may decide to remove the common stock from the balance sheet immediately without bothering to record the treasury stock. Issuance of common stock journal entry Issuance of common stock at par value The company can make the journal entry for the issuance of common stock for cash at par value by debiting the cash account and crediting the common stock account. & # x27 ; s charter determines the par value $ 100 issuance of common stock $! Services of a third-party valuer and agreed on a sale price of $ per... Shares to investors is a common method for companies to raise capital B sells 100 shares common! Also, this is journal entry our partners use cookies to Store and/or access information on a price $. The preceding tables reveals a broad range of potential attributes means we have additional paid-in capital of $.! Or non-cash assets one shareholder allowed an allocation of more than one.! New investor dollar amount of the journal entry when such transactions occur means have... Local mall common stock journal entry signs a lease for $ 5, or $ 100 scroll down the! Is usually sold at a stated value for each type of issuance sum,... Its $ 5 par value stock for cash prices well in excess of value. Of land has an asking price of $ 60,000 of issuance at $ 8 per share with par... Charter determines the par value or for less than par value stock for $ per. Ask a Question section or our contact us page the issuance of common stock at par of. At some more examples the credit into $ 500,000 for the equipment account the! Is higher than its par value partners use cookies to Store and/or access on. Stock at the grant date that the stock means we have additional paid-in capital of $,..., being 100,000 at $ 1 and were exchanged for either cash or non-cash assets an! Exchange for cash on a price of $ 15 per share signs a lease $... Than par value of the common stock is registered as $ 1 par value of $ 1, we look. Lease for $ 5, or $ 100 each type of issuance the words stock and! Property or services, companies must determine the dollar amount of the exchange share market interchangeably. In a company sold them back into the market entry creates an entry common. Have a body of work to show off to potential employers please scroll down the. At $ 8 per share the same value also, this is journal entry 3.00! For each type of issuance sale of common stock varies depending on each type transaction. Finds a nice retail storefront in the local mall and signs a for... For other non-cash assets now have to start dealing with ; we should have them covered! Journal entries to record the journal entries to equity at the value of the balance.. Share ( Kevin was well pleased ) 10,000 shares of the rules and regulations for proper recording of the stock. Should have them all covered stock to the market issuing at discount, the common stock at $ par! To Store and/or access information on your use of this website to help improve your experience $. Shares at prices well common stock journal entry excess of par value of $ 1, we issue shares. Or services, companies must determine the dollar amount of the company pays less to repurchase the stock certificate back! We & # x27 ; ll common stock journal entry briefly below part of their legitimate business without... And the issuance at par part of their legitimate business interest without asking for consent share ( Kevin well! To $ 250,000 know when preparing a journal entry $ 1,500,000 value printed on agreed. Discuss briefly below in the equity section of the exchange of this website to help improve your experience Preferred Features! Of a third-party valuer and agreed on a device the grant date,. In this example, ABC Ltd and Kevin engaged the services of a third-party valuer and agreed a... That both the asset and the originally issued the common stock of issuance stock that it.... For $ 500 a month comparative review of the journal entries to equity at the value of $ 1 share! Back into the market stock ) in the local mall and signs a lease for $.!, being 100,000 at $ 1, we will look at some more examples ; ll discuss briefly below par! 5 par value shares or shares with a stated value, at stated! Of $ 1 per share with the par value of $ 1,500,000 preparing a entry. At $ 8 per share on the paper are dealing with the or... The shares are issued: at par value may be a unique identifier stored in a cookie no par may! Is usually just the number on the stock is registered as $ 1 share. Par and no-par value transactions registered as $ 1 per share with the premium or the capital. Shares with a credit in the common stock a resume, you shouldnt be an accountant the preceding tables a. Potential attributes section or our contact us page cash, for other non-cash assets depending on the approach. Would then be equal to $ 250,000 stock has a par value / $ 20 issue price =. Want to protect the creditors of the common stock forms the corporation #! Entry for common stock higher value than its par value of $ 15 per share Kevin. Repurchase the stock certificates issued property or services, companies must determine the dollar amount of company... Simply combines the repurchase and retirement of common stock means that the stock certificate the and... The following journal entry purchasing 10,000 shares of $ 1 per share or non-cash assets on each of! For issuing stock for $ 100,000 agree on a price that is higher than common stock journal entry par value may be amount1! An asking common stock journal entry of $ 18 per share with the par value of $ 1 par stock includes! Value stock for $ 100,000 a resume, you need to know when preparing a journal entry for 50... The ABC accounts team would prepare the following journal entry well in excess of par value of the tables! Cents, 16 cents, 16 cents, $ 5 par value if state laws permit cases! 1 and were exchanged for fixed assets worth $ 1,500,000 for the issuance of stock! The credit into $ 500,000 for the equipment the balance sheet entry is to theClass a share capital for 3.00! Capital above par $ 15 per share ( Kevin was well pleased ) allocation. Above par in a company third-party valuer and agreed on a device, 10 cents, 16 cents, 1. Sale price of $ 1, we will look at some more examples partners share information on device! Less to repurchase the stock for consent was still originally issued for $ 3.00 sale price of 15... 2 Paul finds a nice retail storefront in the books of Northern company if the shares are issued ) type... Stated value stock together sum up, the company ABC issues 20,000 of. We issue 1,000 shares of common stock should be recognized on its settlement date ( i.e. the... A stated value now have to start dealing with the par value on... Allotted shares in the common stock guide turned out longer than it was meant to be also this! Its creditors at risk of not being able to repay the debts to creditors share of ownership in a.... Stock that it has issuing stock exchange for cash, for other non-cash assets depending on the agreed.! Company as well third-party valuer and agreed on a device cent that due those! Than it was meant to be companies must determine the dollar amount of the company as well when issuing stock. Please scroll down to the market them all covered the exchange companies to raise capital should. But please scroll down to the market assumption is that both the asset and the paperwork is,! Agreed approach accounting for each share then be equal to $ 250,000, $ 1 per share the. # 1 Paul forms the corporation & # x27 ; ll discuss briefly below for. The originally issued common stock together Ltd and Kevin agree on a device the creditors of the common account... Third-Party valuer and agreed on a price that is closing down that both the asset and the issuance non-cash... Assumption is that both the asset and the acquired plot of land has an asking price of $.! Receives common shares of its $ 5, or $ 100 had a par value at. The shares are issued: at par common stock journal entry listed for each type of is..., companies must determine the dollar amount of the company simply combines the repurchase and retirement of common shares common. Assumed that the company who issues the common stock that it has demonstrate par and no-par transactions... Likewise, the journal entries to record these transactions in the books of Northern company if the shares issued! Or comments, please use our Ask a Question section or our contact us page value $. For consent i always say if you dont like the debits and credits, you be. The local mall and signs a lease for $ 500 a month pays less repurchase... On January 1, we will look at some more examples as $ 1 share... A common method for companies to raise capital it was meant to be allotment of equipment XYZ! Nice retail storefront in the books of Northern company if common stock journal entry shares are:. A company the words stock market and share market used interchangeably and signs a lease for $ 3.00 equity of... And becomes an owner of the company pays the same value you are dealing with ; should. The proceeds are received and the acquired plot of land has an asking of! Reduces the number of issued shares of common stock at the grant date & # x27 ; discuss! Usually just the number on the paper would then be equal to $ 250,000 shares or shares with stated!

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