Exhibit 13-1 On January 1, 2017, Oak Corporation paid $900,000 for 87,500 shares of Beech Company's common stock, which represents 35% of Beech's outstanding common stock. Beech reported income of $300,000 and paid a cash dividend of $100,000 during 2017. ? Refer to Exhibit 13-1. Oak should report the investment in Beech Company on its December 31, 2017, balance sheet at
A) $900,000.
B) $970,000.
C) $935,000.
D) $1,005,000.
B
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