Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During...
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Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During 2015, Taylor earns $1,000,000 and pays cash dividends of $800,000.
Reference: Ref 17-7
Harrison should report investment revenue for 2015 of
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