LS issued 200 common shares to BH (last share transaction was a year prior when LS sold 10 shares at $4 per share),and received a patent in full payment.The patent had a current market value of $2,000 and was carried on the books of BH at $1,500.Under ASPE,common shares should be credited for:

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The patent was carried on the books of BH at $1,500, and the current market value is $2,000. The difference between these two amounts is $500, which is the gain on the transaction. The common shares should be credited for the amount of the gain, which is $500.

LS Issued 200 Common Shares to BH (Last Share Transaction