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Homework answers / question archive / Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc

Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc

Business

Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During 2015, Taylor earns $1,200,000 and pays cash dividends of $1,000,000.

If the beginning balance in the investment account was $625,000. the balance at December 31, 2015, should be

A. $1,025,000

B. $825,000

C. $705,000

D. $625,000

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