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    Common Stock : Dividend Revenue

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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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    Solution Preview

    Common Stock

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

    Solution Summary

    The expert examines dividend revenues for the common stock.

    $2.19

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