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Sunland Company started business in 2 0 1 5 by issuing 2 0 7 0 0 0 shares of $ 1 8 par common stock
Sunland Company started business in by issuing shares of $ par common stock for $ each. In of these shares were purchased for $ per share by Sunland Company and held as treasury stock. On June these shares were exchanged for a piece of property that had an assessed value of $ Sunland's stock is actively traded and had a market price of $ on June The cost method is used to account for treasury stock. The amountof paidin capital from treasury stock transactions resulting from the above events would be
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