I have a client where there was 200 shares issued (100 x 2 owners at $0.50 cents a share ($50 ea.) for a total value of $100. One of owners sold their 100 shares privately to a new owner for $96,000. Should the share value in the company now be $96,050 even though the company did not receive any of the $96,000? I'm assuming the other side would be posted to SHL. Is this the proper treatment of the transaction or is there a better way to book this?
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