alleryStart learning →1,000 own shares with fair value Rs 30 each plus Rs 5,000 cash buy an investment. Cost?
ARs 30,000
BRs 35,000
CRs 25,000
DRs 5,000
Answer & Solution
Correct answer: B. Rs 35,000
The part paid in shares counts at fair value, 30,000, and the cash adds 5,000 for a total cost of 35,000.
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