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QUESTION 13 Which of the following statement is false? Dividends are not an expense of the company. Dividends are defined in s 6(1) of ITAA
QUESTION 13
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Which of the following statement is false?
Dividends are not an expense of the company.
Dividends are defined in s 6(1) of ITAA 1936.
All shareholders are automatically entitled to franking credits attached to a franked distribution of profit.
A dividend includes any amount credited by a company to its shareholders as shareholders.
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