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Zwick Company bought 28,000 shares of the voting common stock of Handy Corporation in January 2006. In December, Hardy announced $200,000 net income for 2006 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 2006 would be:

A. $ 0.
B. $32,000.
C. $56,000.
D. None of the above is correct.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9395685

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