20. On January 1, 2021, Trade Company purchased 40,000 shares at P 100 per share to be held for trading. Brokerage fees amounted to P 120,000. No other transactions occurred in 2021 affecting the investment. What is the initial measurement of the investment? a) P 4,120,000 b) P 4,000,000 c) P 3,920,000 d) P 3,800,000
20. On January 1, 2021, Trade Company purchased 40,000 shares at P 100 per share to be held for trading. Brokerage fees amounted to P 120,000. No other transactions occurred in 2021 affecting the investment. What is the initial measurement of the investment? a) P 4,120,000 b) P 4,000,000 c) P 3,920,000 d) P 3,800,000
Chapter1: Financial Statements And Business Decisions
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![20. On January 1, 2021, Trade Company purchased 40,000 shares at P 100 per share to be held for trading . Brokerage fees
amounted to P 120,000. No other transactions occurred in 2021 affecting the investment.
What is the initial measurement of the investment?
a) P 4,120,000
b) P 4,000,000
c) P 3,920,000
d) P 3,800,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F74b2ab49-d905-4654-b200-85ed16d319b5%2Fe6140dfc-a5db-4262-9cc7-2a77f9537978%2Fi48cb6s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:20. On January 1, 2021, Trade Company purchased 40,000 shares at P 100 per share to be held for trading . Brokerage fees
amounted to P 120,000. No other transactions occurred in 2021 affecting the investment.
What is the initial measurement of the investment?
a) P 4,120,000
b) P 4,000,000
c) P 3,920,000
d) P 3,800,000
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