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Compute the Zwick Company dividend revenue

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Question - Zwick Company bought 28,500 shares of the voting common stock of Handy Corporation in January 2021. In December, Handy announced $200,900 net income for 2021 and declared and paid a cash dividend of $4.00 per share on all 205,000 shares of its outstanding common stock. Compute the Zwick Company's dividend revenue from Handy Corporation in December 2021?

a. $0.

b. $27,930.

c. $114,000.

d. None of these answer choices are correct.

Reference no: EM132782611

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