At a cash price of $11 per share, a firm issued 3,100 shares of its no par common stock. This transaction would be noted with the following entry:
Cash A/c - (Dr.) (3,100 X $11) $34,100
Common Stock A/c - (Cr.) (3,100 X $11) $34,100
Common stock is a type of tradable asset or security that denotes ownership in a company. If you own common stock in a firm, you have the power to vote on issues like board of director decisions and corporate policies. Common stock is merely one type of stock that can be traded publicly.
Common stock, sometimes referred to as common shares, capital shares, or capital stock, designates the ownership stakes in a firm. Purchasers of common stock are granted a number of rights, among which could be as follows: There is voting at shareholder meetings. Selling assets or otherwise wanting to get rid of it.
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