Use the following information for questions 97 and 98.
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.
-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.
Correct Answer:
Verified
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