Expand
Common stock represents the basic ownership interest in the reporting entity. It is the residual corporate interest that bears the ultimate risk of loss, as it is subordinate to all other stock. A reporting entity may have more than one class of common stock.

5.5.1 Balance sheet presentation

S-X 5-02 (29) requires SEC registrants to present the dollar amount and number of shares issued or outstanding, as appropriate, on the face of the balance sheet. If the common stock class is convertible, the reporting entity should label the common stock as such on the face of the balance sheet. When multiple classes of common stock exist, a reporting entity may aggregate them on the balance sheet and present the required information for each class of common stock in a footnote.
The total number of outstanding shares disclosed on the face of the balance sheet is a legal determination. The legal shares outstanding may be different from the number of shares considered outstanding for accounting purposes and for earnings per share computations.

5.5.2 Disclosure

S-X 5-02 (29) also requires the following information to be disclosed in the footnotes, or on the face of the balance sheet, for each class of common stock:
  • The title of the issuance
  • The number of shares authorized
  • If convertible, the basis of conversion
  • Dollar amount of common shares subscribed but unissued, and the deduction of subscriptions receivable

PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

Expand Expand
Resize
Tools
Rcl
Add to favorites
Please ensure
that you select
Print Background (colors and images) when printing.
CONTINUE
PwC image modal

This content is copyright protected. It is for your own use only - do not redistribute. These materials were downloaded from PwC's Viewpoint (viewpoint.pwc.com) under license.

Warning 2

✕

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

Viewpoint allows you to save up to 25 favorites.

Consider removing one of your current favorites in order to to add a new one.

Go to favorites

Are you sure you would like to remove this page from your list?

Yes
You are already signed in on another browser or device.
Click Continue if you want to automatically close other logged in sessions and continue. If you want to manually check for other active logged in sessions first, please select Cancel to go back to the previous page.
Need some help? Contact us
signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide
✕

Hello and welcome to Viewpoint

Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. Follow along as we demonstrate how to use the site

Before we start.

Choose your preferred language below.