On January 1, 2017, Barry Corporation paid $750,000 for 100,000 shares of Oak Company's common stock, which represents 40% of Oak's outstanding common stock. For the year ending December 31, 2017, Oak reported net income of $190,000 and declared and paid cash dividends of $60,000. Barry should report the investment in Oak Company on its balance sheet at December 31, 2017 at:

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The Answer of On January 1, 2017, Barry Corporation paid $750,000 for 100,000 shares of Oak Company's common stock, which represents 40% of Oak's outstanding common stock. For the year ending December 31, 2017, Oak reported net income of $190,000 and declared and paid cash dividends of $60,000. Barry should report the investment in Oak Company on its balance sheet at December 31, 2017 at:

On January 1, 2017, Barry Corporation Paid $750,000 for 100,000