At what amount should a company record the investment

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Question - A Company bought 1,000 shares of B Company shares a s equity investments on January 10, Year 2 at P150 per share and paid P2,250 as brokerage fee. The investments are intended to be held for long term price change and were designated as at fair value through other comprehensive income. On December 5, Year 1, a P10 dividend per share of B Company had been declared to be paid on April 30, Year 2 to shareholders of January 31, Year 2. There were no other transactions in Year 2 affecting the investment in B Company. At what amount should A Company record the investment in equity securities at January 10, Year 2?

Reference no: EM132946867

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