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7. 2. Tonton Co acquired 9,000 shares in Pogo Co on 1 August 20X3 at a cost of $6.40 per share. Tonton Co incurred
7. 2. Tonton Co acquired 9,000 shares in Pogo Co on 1 August 20X3 at a cost of $6.40 per share. Tonton Co incurred transaction costs of $9,000 for this transaction. Tonton Co elected to hold these shares at fair value through other comprehensive income. At 31 December 20X3, the fair value of the Pogo Co shares was $7.25 per share and selling costs were expected to be 4%. What is the value of the Pogo Co shares in Tonton Co's individual financial statements at 31 December 20X3? $57600 $50000 $65250 $60000
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