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What the Garrison should report investment revenue

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Question - Garrison Co. owns 20,000 of the 50,000 outstanding shares of Steele, Inc. common stock. During 2018, Steele earns P800,000 and pays cash dividends of P640,000.

What the Garrison should report investment revenue for 2018?

If the beginning balance in the investment account was P500,000, what the balance at December 31, 2018?

Reference no: EM132928917

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