(Answered)-Zwick Company bought 28,000 shares of the voting common stock of Handy Corporation in January 2013. - (2025 Updated Original AI-Free Solution

Question

Zwick Company bought 28,000 shares of the voting common stock of Handy Corporation in January 2013. In December, Handy announced $200,500 net income for 2013 and declared and paid a cash dividend of $4 per share on the 202,000 shares of outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2013 would be: $ 0. $27,792. $112,000. None of the above is correct.