Harrison should report investment revenue

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Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During 2013, Taylor earns $1,000,000 and pays cash dividends of $800,000. 37. If the beginning balance in the investment account was $625,000, the balance at December 31, 2013 should be and Harrison should report investment revenue for 2013 of what amount?

Reference no: EM131268274

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