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Find what is the initial measurement of the investment

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Problem 1: On January 1, 2018, HH Company purchased 40,000 shares at P100 per share to be held for trading. Brokerage fees amounted to P120,000. A P5 dividend per share had been declared on December 15, 2017, to be paid on March 31, 2018, to shareholders of record on January 31, 2018. No other transactions occurred in 2018 affecting the investment. What is the initial measurement of the investment?

Reference no: EM132767091

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