According to IAS 39 Financial Instruments: Recognition and Measurement, at what amount should a financial instrument such as a long-term investment in the shares of a company initially be measured? A....

According to IAS 39 Financial Instruments: Recognition and Measurement, at what amount should a financial instrument such as a long-term investment in the shares of a company initially be measured?

• A. Cost of the nearest equivalent financial instrument


• B. Fair value of consideration given


• C. Fair value of consideration given plus directly attributable transaction costs


• D. Fair value of consideration given less directly attributable transaction costs