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Ducks corporation acquired 10,000 Swans Company shares on February 5, 2021 at Php 50 which included Php 10 per share brokers fees and commissions. The
Ducks corporation acquired 10,000 Swans Company shares on February 5, 2021 at Php 50 which included Php 10 per share brokers fees and commissions. The shares were selling at Php 32 per share on December 31, 2021. The investments were designated for trading. How much is the initial carrying value of the investment on the date of acquisition and why?
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