Part A 12 Marks Carefully scrutinize the following statements presented to you and indicate whether they are True or False. Support your answer with a brief reason. 1.An amount distributed as a reduction of profit is not a dividend. 2.Mr Edward (Eddy) is the Managing Director of Ocean Baskets CC and owns 51% of this companys shareholding. During the current year of assessment Eddy received N$25 000 from his employer by virtue of his shareholding in Ocean Basket. The amount