Raiza Company acquired a financial asset at its market value of P3, 200,000

Subject:FinancePrice:2.87 Bought7

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Raiza Company acquired a financial asset at its market value of P3, 200,000. Broker fees of P200, 000 were incurred in relation to the purchase. At what amount should the financial asset initially be recognized respectively if it is classified as at fair value through profit or loss, or as available for sale?

 

a.   3, 400,000 and 3, 200,000

b. 3, 200,000 and 3, 200,000

c.   3, 200,000 and 3, 400,000

d. 3, 400,000 and 3, 400,000