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ABC Corp acquired 30,000 shares of XYZ Co. The shares were actively traded in the three markets. The following data were made available:                                                PSE        Nikkei         NYSE Market  Price                          100         105              102 Transaction Cost                         4          10                  5 Transport costs                          5            10                20 ABC Corp normally buys and sells XYZ's shares in PSE.  What is the fair value of the investments?     2,850,000 2,970,000 3,000,000 3,120,000

ABC Corp acquired 30,000 shares of XYZ Co. The shares were actively traded in the three markets. The following data were made available:                                                PSE        Nikkei         NYSE Market  Price                          100         105              102 Transaction Cost                         4          10                  5 Transport costs                          5            10                20 ABC Corp normally buys and sells XYZ's shares in PSE.  What is the fair value of the investments?     2,850,000 2,970,000 3,000,000 3,120,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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20.ABC Corp acquired 30,000 shares of XYZ Co. The shares were actively traded in the three markets. The following data were made available:
                                               PSE        Nikkei         NYSE
Market  Price                          100         105              102
Transaction Cost                         4          10                  5
Transport costs                          5            10                20
ABC Corp normally buys and sells XYZ's shares in PSE.  What is the fair value of the investments?
 
 
2,850,000
2,970,000
3,000,000
3,120,000
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