The paid-up capital (PUC) of shares of a corporation held by a shareholder could be different from the adjusted cost base (ACB) of those shares when Multiple Choice The shareholder purchased the shares from treasury at the time of incorporation in exchange for cash. The shareholder had the shares bought back (i.e. redeemed) by the corporation. The shareholder purchased the shares from treasury at the time of incorporation in exchange for property other than cash. The shareholder purchased the shares from another shareholder.The paid-up capital (PUC) of shares of a corporation held by a shareholder could be different from the adjusted cost base (ACB) of those shares when Multiple Choice The shareholder purchased the shares from treasury at the time of incorporation in exchange for cash. The shareholder had the shares bought back (i.e. redeemed) by the corporation. The shareholder purchased the shares from treasury at the time of incorporation in exchange for property other than cash. The shareholder purchased the shares from another shareholder.