Adama Company incurred the following costs related to its purchase of equity securities: purchase price of $10,000, broker's commission of $200, and transfer taxes of $100. What total amount should Adama Company record as the cost of the investment in securities?

Step 1: Understand the concept of investment cost. In financial accounting, the cost of an investment includes all expenditures necessary to acquire the investment and prepare it for its intended use. This includes the purchase price, broker's commission, and transfer taxes.