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Zwick Company bought 23,500 shares of the voting common stock of Handy Corporation in January 2021. In December, Handy announced $207,300 net income for 2021
Zwick Company bought 23,500 shares of the voting common stock of Handy Corporation in January 2021. In December, Handy announced $207,300 net income for 2021 and declared and paid a cash dividend of $5.00 per share on all 206,500 shares of its outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2021 would be:
Multiple Choice
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$ 0.
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$23,591.
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$117,500.
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None of these answer choices are correct.
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