During August 20X5,Atticus Ltd Acquired the Share Capital of Finch

Multiple Choice

During August 20X5,Atticus Ltd acquired the share capital of Finch Pty Ltd in exchange for 1,000,000 shares in Atticus Ltd with a fair value of $10 per share.Share issue costs amounted to $400,000 and an amount of $400,000 was paid to consultants.Atticus Ltd also took over the loans payable to the shareholders of Finch Pty Ltd by that company of $2,000,000.The cost of the investment is:

A) $12,400,000
B) $ 8,400,000
C) $12,800,000
D) None of the above.