On January 1, 2022, James Corp. purchased 8000 ordinary shares of Daddy Corp. at P10 per share. James Corp. irrevocably classified the investment as an FVOCI investment. For this transaction, James...


On January 1, 2022, James Corp. purchased 8000 ordinary shares of Daddy Corp. at P10 per share. James Corp. irrevocably classified the investment as an FVOCI investment. For this transaction, James Corp. spent P5,000 transaction costs. What is the initial valuation of the FVOCI investment?



Jun 10, 2022
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