question 11

Which of the following is a good justification for Neptune Corporation following a policy of "low dividends are best?" 1. Dividends are taxed when received II. Taxes on dividends can be deferred until the stock is sold III. Taxes on capital gains can be deferred until the stock is sold O Only statements I and III are correct O Only statements II and III are correct Only statement is correct O Only Statement Il is correct O Only Statement III is correct