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

Multiple Choice

During August 20X5,Atticus Ltd acquired the issued 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.