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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:
None of the above is correct.
Discuss d oes your client have a liability that should be recorded at December 31? Prepare a journal entry(ies), if required, to reflect any accounting adjustment required. A
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