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On July 1, 2020, Alpha Aviation purchases 2,500 shares of Delta Industries stock for $48...

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Accounting

On July 1, 2020, Alpha Aviation purchases 2,500 shares of Delta Industries stock for $48 per share. This represents 15% ownership in Delta. As part of the acquisition, Alpha pays a commission of 8% of the price of the stock. How much should Alpha record as the cost for purchasing these shares?

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