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

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When no-par stock is not assigned a stated value, the total amount received is recorded as Common Stock. This is because Common Stock represents the total ownership interest in the company that shareholders have, regardless of whether or not there is a stated value associated with the stock. Therefore, the total amount received from the sale of no-par stock is simply recorded as Common Stock on the company's balance sheet.

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