During August 20X5,Tiberius Ltd Acquired the Share Capital of Capri

Multiple Choice

During August 20X5,Tiberius Ltd acquired the share capital of Capri Ltd in exchange for 1,000,000 shares in Tiberius Ltd with a fair value of $10 per share.Share issue costs amounted to $400,000.Tiberius Ltd also took over the loan payable by Capri Ltd to Ethereal Finance Ltd of $2,000,000.The cost of the investment is:

A) $10,000,000
B) $10,300,000
C) $12,000,000
D) None of the above.