(Solution) - The following was in the financial press pertaining to GoDaddy -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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The following was in the financial press pertaining to GoDaddy Incorporated:
April 1, 2015-GoDaddy's (GDDY) stock was sold for $26 per share during its opening day of trading. GoDaddy sold 23 million shares at its IPO.
Required:
1. Record the issuance of stock, assuming the stock was no-par value common stock.
2. Record the issuance of stock, assuming the common stock had a par value of $2 per share.
3. Should a stockholder care whether a company issues par or no-par value stock? Explain.