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Blossom Company owns 10000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2018, Taylor earns $940000 and pays cash dividends of $765000.
Blossom Company owns 10000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2018, Taylor earns $940000 and pays cash dividends of $765000. If the beginning balance in the investment account was $620000, the balance at December 31, 2018 should be:
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