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15-04-2024
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Investment During 2021, Creative purchased 6,000 Royal Bank shares for $31 per share (total $186,000). Creative designated 50% of Royal Bank shares as FVPL while irrevocably elected to record the remaining. What is the total value of Royal Bank shares designated as FVPL by Creative?
A) $93,000
B) $94,000
C) $95,000
D) $96,000

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