Question:XYZ Company purchases securities at a cost of $220,000 on April 16. At the time of purchase, XYZ pays a 5 percent commission ($11,000), a 6 percent tax ($13,200), and a transfer fee ($3,000). What amount should the company record as the acquisition cost of the securities? 

A $220,000 
B $247,200 
C $244,200 
D $234,000 

+ Answer
D 

+ Explanation
Answer not sure

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Md. Habib Ullah

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