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26-04-2024
Business

Answered

Fred corp. Declare and pay a dividend on July 1, 2023, amounting to $45,000; if the Refundable Dividend Tax on Hand balance on Dec 31, 2023, of $14,000.
What is the dividend refund amount, if any?
a. 45,000
b. 22,616.67
c. 14,000
d. 17,250

Answer :

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