What are examples of common stock?

Answer 1

omprehensive ExampleThe common stock portion of the equity section of Apple Inc. balance sheet as at 24 September 2011 is given below:Common stock (no par value):Shares authorized1,800,000Shares issued and outstanding929,277Value in million Dollars13,331

It provides the following information:

1. The company has no par value stock.
2. There is no stated value disclosed.
3. Authorized share capital is 1.8 million shares.
4. The company has issued roughly half of its authorized share capital as at 24 September 2011.
5. The company has no treasury stock that is why shares issued and shares outstanding are equal.