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Pharoah Company owns 15000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2021, Taylor earns $1040000 and pays cash dividends of $840000.

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Pharoah Company owns 15000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2021, Taylor earns $1040000 and pays cash dividends of $840000. Pharoah should report investment revenue for 2021 of O $312000. $60000. O $252000. $0

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