Nixon Company purchased 10,000 shares of Kostas Company as an available-for-sale security at $45 per share. Brokerage fees amounted to $1,000 and transfer taxes were $750. The investment should be recorded at

Nixon Company purchased 10,000 shares of Kostas Company as an available-for-sale security at $45 per share. Brokerage fees amounted to $1,000 and transfer taxes were $750. The investment should be recorded at

Answer

		$450,000
		$450,750
		$451,000
		$451,750

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