Many companies also issue other classes of stock, known as preferred. These shares generally have preference as to dividends, and a stated amount of dividends must be paid to preferred shareholders before any dividends can be paid to the common stock holder. The measurement basis of preferred stock is similar to that of common stock, with amount divided between the par value of the shares and additional paid-in capital. Thus the reported balance sheet amounts also represent historical to issue shares of authorized preferred stock; however, none of these shared had been issued on the balance sheet date. Tootsie Roll does not disclose any information about preferred stock.