Preferred Stock
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 stockholders. The measurement basis of preferred stock is similar to that of common stock, with amounts divided between the par value of the shares and additional paid-in capital.Thus the reported balance sheet amount also represent historical cost. Hershey is fiscal 2008 balance sheet indicates that the company is authorized to issue share of authorized preferred stock, however,none of these shares had been issued on the balance sheet date. Tootsie roll does not disclose any information about preferred stock.