Harrison Company owns 20,000 of the 50,000 outstanding shares of Taylor, Inc. common stock. During 2013, Taylor earns $100,000 and pays cash dividends of $800,000. If the beginning balance in the investment account was $625,000, the balance at December 31, 2013, should be and Harrison should report investment revenue for 2013 of what amount?

Answer rating: 100% (QA)

Solution According to equity method As Harison owns ... View the full answer