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QUESTION 12 Which of the following songs deal with money and/or tax? Taxman by the Beatles Money by Pink Floyd Money, Money, Money, by Abba Tax Free by Joni Mitchell All of the above QUESTION 13 Which of the following statement is false? Dividends are not an expense of the company
QUESTION 12
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Which of the following songs deal with money and/or tax?
Taxman by the Beatles
Money by Pink Floyd
Money, Money, Money, by Abba
Tax Free by Joni Mitchell
All of the above
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.
Expert Solution
12
| All of the above deal with money and/or tax. |
| Taxman by the Beatles,Money by Pink Floyd,Money, Money, Money, by Abba and Tax Free by Joni Mitchell all deal with money and/or taxes. |
| They talk about tax burden,how it feels to be poor in a rich man's world. |
| All of the above is correct option |
13
Answer-:
Dividends are an expense or loss for the company. It is given to shareholders as an part of profit earned.
Dividends are defined in section 44 of Income Tax Assessment Act (ITAA) 1936.
Dividend includes any amount that credited by company to its shareholders.
So,the statement " Dividends are defined in s 6(1) of ITAA 1936" is false.
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