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When a company issues no-par common stock, the ______. Multiple select question. cash inflow is classified as a financing activity

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When the company issues no-par common stock, then, the:

  • entire amount of the proceeds will placed in Common Stock account.
  • the cash inflow will be classified as a financing activity.

The no-par common stock is a stock issued without a par value.

The value of the no-par common stocks is determined by price that the investors want to pay on the open market.

In conclusion, the entire amount of the proceeds will placed in Common Stock account and the cash inflow will be classified as a financing activity.

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