In states that allow no-par stock there is normally a stated value that is handled in the same manner as the par value. Shares Issued for Cash When stock is sold for cash the entry includes a debit to cash and a credit to one or more paid-in capital equity accounts. Example: Spencer Corporation sells 100 shares of common stock with a par value of $1 for $500. The journal entry would be as follows: Account Debit Credit Cash $500 Common stock $100 Additional paid-in capital, common stock 400To record the sell of 100 shares of $1 par value common stock for $5 per share.
XPO Logistics, Inc. (NYSE: XPO) is a U.S. corporation and one of the world's 10 largest providers of transportation and logistics services. The company has approximately $15 billion in revenue, serves more than 50,000 customers, and operates a network of over 88,000 employees and 1,440 locations in 34 countries.
XPO Logistics (XPO) Stock Price Target Increased at Deutsche Bank. XPO Logistics (XPO) price target was raised to $59 from $58 at Deutsche Bank, which maintained its 'buy' rating. NEW YORK (TheStreet) -- XPO Logistics (XPO) price target was raised to $59 from $58 at Deutsche Bank, which maintained its buy rating. The firm increased its second quarter earnings estimate loss to $0.20 from a loss of $0.10.