Zwick Company bought 28,000 shares of the voting common stock of Handy Corporation in January 2016. In

Question:

Zwick Company bought 28,000 shares of the voting of Handy in January 2016. In December, Handy announced $200,000 net income for 2016 and declared and paid a cash of $2 per share on the 200,000 shares of outstanding common stock. Zwick Company's revenue from Handy in December 2016 would be:
a. $ 0.
b. $28,000.
c. $56,000.
d. None of these answer choices is correct.
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