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Compute the balance at December

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Question - Harrison Co. owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During 2013, Taylor earns $1,200,000 and pays cash dividends of $960,000.

If the beginning balance in the investment account was $750,000, compute the balance at December 31, 2013?

a. $1,230,000.

b. $990,000.

c. $846,000.

d. $750,000.

Reference no: EM132614176

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