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Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During 2018, Taylor earns $1,200,000 and pays cash dividends of $960,000.
Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During 2018, Taylor earns $1,200,000 and pays cash dividends of $960,000. 3. If the beginning balance in the investment account was $750,000, the balance at December 31, 2018 should be $_ 4. Harrison should report investment revenue for 2018 of $
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