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Boboi purchased 100,000 shares on 1 May 2022 for RM420,000. Transaction costs amount to RM10,000....

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Accounting

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Boboi purchased 100,000 shares on 1 May 2022 for RM420,000. Transaction costs amount to RM10,000. The shares were not acquired for the purpose of trading but to realise the gains in the future. On the 30 june 2022 reporting date, the fair value of a share was RM5.10. What are the amounts to appear in the financial statements for the year ended 30 June 2022. Select one: a. SOFP: RM510,000; SOPL: RM nil b. SOFP: RM420,000; SOPL: RM nil c. SOFP: RM510,000; SOPL: RM80,000 gain d. SOFP: RM430,000; SOPL: RM10,000 gain

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