MCTagg purchased 1 million shares in Bauer, a listed company, for $4 million on 1 January. By the year end, the fair value of a Bauer share had moved to $4.80 each. If McTagg were to dispose of the shares, broker fees of $50,000 would be incurred . What is the correct treatment for shares at year end?
A.
Hold shares in investments at $4.75 million, with $750k gain being taken to the statement of profit or loss
B.
Hold shares in investments at $4.8 million, with $800k gain being taken to the statement of profit or loss
C.
Hold shares in investments at $4.8 million, with $800k gain shown in the statement of changes in equity
D.
Hold shares in investments at $4.75 million, with $750k gain shown in the statement of changes in equity