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The following information is provided by Smelly Feet2 Pty Ltd, a resident company. It is a base rate entity for the income year and thus

The following information is provided by Smelly Feet2 Pty Ltd, a resident company. It is a base rate entity for the income year and thus 27.5% company tax rate applies. Required Prepare Smelly Feet2s Franking Account for the year ended 30 June 2020 assuming the opening credit balance was $340. (5 marks)

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