Calculating And Issuing Shares of Stock. What should a bill of sale for issued stock include?Stock warrants, like stock options and SIP grants, fall under a similar category – they are not included in the calculation until exercised. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted or canceled. Cheese, milk, infant formula, fortified whole wheat breads. Approved and Non-approved WIC Foods. The board of directors may authorize shares to be issued for consideration consisting of any tangible or intangible property or benefit to the corporation. The purchaser recognizes a stepped up basis in the target's assets for federal tax purposes. Upon issuance, common stock is generally recorded at its fair value, which is typically the amount of proceeds received. ESOPs are set up as trust funds.