Identify whether the stockholders' equity terminology belongs to U.S. GAAP, IFRS, or both.
TLR Productions issued 800 shares of its $4 par value common stock for $12 per share. What amount would they record as additional paid-in capital in excess of par-common?
A change in stated value per share does not require shareholder approval and filings with the state.
If a corporation wishes to change the par value per share on its common stock, it must amend its articles of incorporation.