When a company lists its common stock as having a stated par value, then any amount that the stock sells for above the par value is "additional...

When a company lists its common stock as having a stated par value, then any amount that the stock sells for above the par value is "additional paid-in capital in excess of par." However, if there is no stated par value, such as "no par" or "stated value of zero par," then do you still need to have the account of "additional paid-in capital in excess of par"? If not, then how do you account for this item, or do you?

QUESTION:When a company lists its common stock as having a stated par value, then any amount that thestock sells for above the par value is "additional paid-in capital in excess of...