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Moving to another question will save this response. Quest uestion 2 1 point In addition to her business, Kitty also invests in various animal welfare
Moving to another question will save this response. Quest uestion 2 1 point In addition to her business, Kitty also invests in various animal welfare companies. Throughout the year, she received the following from these inves Company Dividend ($) 4,000 9,000 Franong Credit ($) 1,200 RSPCA Ltd Cat Haven Ltd Based on the above facts and relevant tax laws, how should Kitty treat the amounts received from these investments? (select the best a O Dividends totalling $13,000 should be recognised as ordinary income and franking credits totalling $1,200 should be recognised as a refunda O Only dividends totalling $4,000 should be recognised as statutory income and only franking credits totalling $1,200 should be recognised as credit. Kitty needs to ask for details of the franking credits attached to Cat Haven Ltd's dividend. O Dividends totalling $13,000 should be recognised as statutory income and franking credits totalling $1,200 should be recognised as a refund
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