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Zwick Company Bought 28,000 Shares of the Voting Common Stock

Question 79

Multiple Choice

Zwick Company bought 28,000 shares of the voting common stock of Handy Corporation in January 2018. In December, Handy announced $200,000 net income for 2018 and declared and paid a cash dividend of $2 per share on all 200,000 shares of its outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2018 would be:


A) $0.
B) $28,000.
C) $56,000.
D) None of these answer choices are correct.

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