During August 20X5,Tiberius Ltd acquired the share capital of Capri Ltd in exchange for 1,000,000 shares in Tiberius Ltd with a fair value of $10 per share.Share issue costs amounted to $400,000.Tiberius Ltd also took over the loan payable by Capri Ltd to Ethereal Finance Ltd of $2,000,000.The cost of the investment is:
A) $10,000,000
B) $10,300,000
C) $12,000,000
D) None of the above.
Correct Answer:
Verified
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