Use the Following Information for Questions 97 and 98

question 18

Multiple Choice

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.
-Harrison should report investment revenue for 2015 of

• A) $400,000.
• B) $320,000.
• C) $80,000.
• D) $0.

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Definitions:

Profitable Store

A retail establishment that consistently earns more revenue than its expenses, resulting in a financial gain.

Consultants

Professionals who provide expert advice in a particular area or industry.

Salespersons Goals

Objectives or targets set for a salesperson to achieve within a specific time frame, typically related to sales volume or revenue.

Commission

A fee or percentage of a sale paid to a salesperson, intermediary, or agent for their services in facilitating the transaction.