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Cheyenne Corp. holds equity securities in its portfolio and is accounting for those investments using the FV-OCI method. On March 1, 2023, the company
Cheyenne Corp. holds equity securities in its portfolio and is accounting for those investments using the FV-OCI method. On March 1, 2023, the company purchased 10000 shares of a publicly traded company for $4090000 and paid a commission (brokerage fee) of $4090 on the purchase transaction. What is the cost base of the investment to include for the recording of the portfolio value? $4094090 $4090000 $4085910 None of the choices are correct.
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