Garrison Co. owns 20,000 of the 50,000 outstanding shares of Steele, Inc. common stock.
During 2008, Steele earns $800,000 and pays cash dividends of $640,000.
-Garrison should report investment revenue for 2008 of
A) $320,000.
B) $256,000.
C) $64,000.
D) $0.
Correct Answer:
Verified
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