Common stock
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A common stock is a part of paid-in capital representing the basic ownership equity of the corporation. If the corporation has only one class of stock, it will be common stock.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Common stock. Part of paid-in capital representing the basic ownership equity of the corporation. If the corporation has only one class of stock, it will be common stock.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
