When no-par stock is not assigned a stated value, the total amount received is recorded in the Common Stock account.

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When no-par stock is not assigned a stated value, the total amount received is recorded in the Common Stock account. This is because the absence of a stated value means that the stock does not have an assigned value per share, so the total amount received is the best measure of the value of the stock issued.

When No-Par Stock Is Not Assigned a Stated Value, the Total