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I need help to solve question number 18 and 19 Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During
I need help to solve question number 18 and 19
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. If the beginning balance in the investment account was $750,000, the balance at December 31, 2018 should be a. $1, 230,000. b. $990,000. c. $846,000. d. $725,000. Harrison should report investment revenue for 2018 of a. $480,000. b. $384,000. c. $96,000. d. $0. On December 31, 2017, the stockholders' equity of Arndt, Inc., was as followsStep by Step Solution
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