Question
(b) How should the following payments and receipts of a New Zealand resident company be recorded in the companys imputation credit account? Payment of income
(b) How should the following payments and receipts of a New Zealand resident company be recorded in the companys imputation credit account?
Payment of income tax of $300
Payment of PAYE of $600
Payment of GST of $100
Payment of FBT of $500
Receipt of a $720 dividend, with imputation credits attached of $280
Payment of a $720 dividend
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Costing
Authors: Lucey
7th Edition
1844809439, 978-1844809431
