Which of the following describes the value of the financial asset on the date of acquisition?

On 30 November 20X9 OPQ acquires a financial asset that is classified as Available for Sale.

Which of the following describes the value of the financial asset on the date of acquisition?
A . Fair value excluding transaction costs.
B . Fair value including transaction costs.
C . Present value including transaction costs.
D . Present value excluding transaction costs.

View Answer

Answer: B