Loans made to shareholders (or associates) that are not repaid by the lodgement date are Select one: a. Not constitutes a deemed dividend O b. Constitutes a deemed dividend c. Nothing, these loans have to be repaid d. None of the choices Which of the following statements is true of trusts? Select one: O a. Trust losses are trapped within the trust and cannot be distributed to beneficiaries. O b. Dividends are 'grossed-up' for partnerships but not for trusts. c. Capital gains/losses in trusts must be distributed equally to each beneficiary. O d. Beneficiaries with a legal disability are not considered to be presently entitled Interest paid to a partner on capital contributed to the partnership is: Select one: O a. Not regarded as an expense and not deductible O b. Regarded as an expense and can be deducted O c Not regarded as an expense but can be deducted O d. Regarded as an expense but not deductible