Truong Limited Acquired 60% of the Shares of Quang Limited

Multiple Choice

Truong Limited acquired 60% of the shares of Quang Limited through the Australian Securities Exchange.The share acquisition cost Truong Limited $500 000.As a result of the share acquisition,Truong Limited gained control over Quang Limited.In its accounting records,Truong will recognise:

A) an investment at a cost of $500 000
B) an investment with a market value of $300 000
C) an increase in share capital of $500 000
D) an increase in share capital of $300 000.