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Zwick Company bought 23,000 shares of the voting common stock of Handy Corporation in January 2021. In December, Handy announced $201,700 net income for 2021

Zwick Company bought 23,000 shares of the voting common stock of Handy Corporation in January 2021. In December, Handy announced $201,700 net income for 2021 and declared and paid a cash dividend of $3.00 per share on all 207,000 shares of its outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2021 would be:

  • $ 0.

  • $22,411.

  • $69,000.

  • None of these answer choices are correct.


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