Common stock should be recognized on its settlement date (i.e. , the date the proceeds are received and the shares are issued).What should a bill of sale for issued stock include? This article explains the basic requirements to keep in mind when your corporation issues any securities. Shares without par value may be issued or sold at any price. Shares with a stated par value cannot be issued or sold at a price less than the stated par value. This article on stock issuance explains how to issue stock in a private company and the stock issuance documents required in the process.