Wildhorse Corporation started business in 2020 by issuing 190000 shares of $19 par common stock...
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Accounting
Wildhorse Corporation started business in 2020 by issuing 190000 shares of $19 par common stock for $26 each. In 2025,24200 of these shares were purchased for $38 per share by Wildhorse Corporation and held as treasury stock. On June 15,2026 , these 24200 shares were exchanged for a piece of property that had an assessed value of $755000. Wildhorse's stock is actively traded and had a market price of $44 on June 15,2026 . The cost method is used to account for treasury stock. The amount of paid-in capital from treasury stock transactions resulting from the above events is $435600. $145200. $217800. $726000
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