Pina Ltd. holds equities securities in its portfolio and is accounting for those investments using the FV-NI method. On March 1, 2023, the company purchased 11000 shares of a publicly traded company for $4830000 and paid a commission (brokerage fee) of $4830 on the purchase transaction. What is the cost base of the investment to include for the recording of the portfolio value? O $4834830 O $4830000 O $4825170 O None of the choices are correct.
Pina Ltd. holds equities securities in its portfolio and is accounting for those investments using the FV-NI method. On March 1, 2023, the company purchased 11000 shares of a publicly traded company for $4830000 and paid a commission (brokerage fee) of $4830 on the purchase transaction. What is the cost base of the investment to include for the recording of the portfolio value? O $4834830 O $4830000 O $4825170 O None of the choices are correct.
Chapter1: Financial Statements And Business Decisions
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