Berger Corporation paid $800,000 for 100,000 shares of Oakley Company's common stock, which represents 40% of Oakley's outstanding common stock. Oakley reported net income of $200,000 and paid cash dividends of $60,000. Berger should report the investment in Oakley Company on its balance sheet at:

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The Answer of Berger Corporation paid $800,000 for 100,000 shares of Oakley Company's common stock, which represents 40% of Oakley's outstanding common stock. Oakley reported net income of $200,000 and paid cash dividends of $60,000. Berger should report the investment in Oakley Company on its balance sheet at:

Berger Corporation Paid $800,000 for 100,000 Shares of Oakley Company's