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Question 20 Cullumber Company owns 24000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2018, Taylor earns $1220000 and pays cash dividends

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Question 20 Cullumber Company owns 24000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2018, Taylor earns $1220000 and pays cash dividends of $975000. Cullumber should report investment revenue for 2018 of $468000 $117600. $585600 $0

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