Common Stock
Common Stock is a part of Shareholders’ Equity on the Balance Sheet and reflects the par value of the shares issued by the company.
Normally the par value is set to a very low amount like $0.01 per share.
If shares are issued at a price higher than their par value, the additional amount is recorded as Additional Paid-In Capital (APIC) on a separate line under Shareholders’ Equity.
In the room
Mostly relevant as context for APIC and the equity section of the balance sheet. Par value is an accounting artifact, not economic value, saying that plainly avoids a confused answer.