Which of the following statements about companies is least correct?

Select one:

a. A company carrying on business in Australia or deriving property income must appoint a Public Officer.

b. Company tax returns are subject to full self-assessment.

c. A company listed on the Australian Stock Exchange is a public company for tax purposes even if it has only 18 shareholders.

d. Dividends from a company are assessable income to resident shareholders even if the company has paid income tax at 30% on its profits.

e. Company losses are carried forward and cannot be distributed to shareholders in the year incurred.