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On 1january 200X Y purchased 30 000 $1 shares in a listed company for $5 per share.Transaction costs were $2000 and Y elected to recognise the shares at fair value through other comprehensive income.At the year end of 31 December 200X the shares were trading at $6.50.
At what amount will the shares be recignised in tge statement of financial position of Y at 31 december 200X.
Please answer, because different recourses write different answers.
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