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

Question 64

Multiple Choice

Zwick Company bought 28,000 shares of the voting common stock of Handy Corporation in January 2013. In December, Hart announced $200,000 net income for 2013 and declared and paid a cash dividend of $2 per share on the 200,000 shares of outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2013 would be:


A) $0.
B) $28,000.
C) $56,000.
D) None of the above is correct.

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