Cullumber Company owns 12000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2018, Taylor earns $980000 and pays cash dividends of $795000. Cullumber should report investment revenue for 2018 of:

$235,200

Explanation:

Given that

Owning shares = 12,000 shares

Total shares = 50,000 shares

Earnings = $980,000

Cash dividend = $795,000

The amount of investment revenue reported is shown below:

= Earning × owning shares ÷ total shares

= $980,000 × 12,000 shares ÷ 50,000 shares

= $235,200

We simply apply the above formula to find out the investment revenue

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always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

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yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

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come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

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be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

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