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Raiza Company acquired a financial asset at the market value of P3,200,000. Broker fees of...

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Accounting

Raiza Company acquired a financial asset at the market value of P3,200,000. Broker fees of P200,000 were incurred in relation to the purchase. At what amount should the financial asset initially be recognized if it is classified as fair value through profit or loss, or as at fair value through other comprehensive income?

a.P3,200,000 and P3,200,000

b.P3,200,000 and P3,400,000

c.P3,400,000 and P3,400,000

d.P3,400,000 and P3,200,000

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