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Harrson Co. owns 20,000 of the 50,000 outstanding shares of taylor inc common stock. During 2013, Taylor earns $1,200,000 and pays cash dividends of $960,000.

Harrson Co. owns 20,000 of the 50,000 outstanding shares of taylor inc common stock. During 2013, Taylor earns $1,200,000 and pays cash dividends of $960,000. If the beginning balance in the investment account was 750,000, the balance at December 31, 2013 should be A. 1,230,000 B. 990,000 C 846,000 D 750,000

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