On January 1, 2011, Bartley Corp.paid $800,000 for 100,000 ordinary shares of Oak Company, which represents 40% of Oak's outstanding shares.Oak reported net income of $200,000 and paid cash dividends of $60,000 during 2011.Bartley should report the investment in Oak Company on its December 31, 2011, statement of financial position at:

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The Answer of On January 1, 2011, Bartley Corp.paid $800,000 for 100,000 ordinary shares of Oak Company, which represents 40% of Oak's outstanding shares.Oak reported net income of $200,000 and paid cash dividends of $60,000 during 2011.Bartley should report the investment in Oak Company on its December 31, 2011, statement of financial position at: