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Aus Co is a resident company that has a corporate tax rate for...

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Accounting

Aus Co is a resident company that has a corporate tax rate for imputation purposes of 30%. What entry should ti show in its franking account when it pays a dividend of $700,000 franked to 60%? Adebit of $300,000 Adebit of $180,000 Adebit of $700,000 Acredit of $300,000 Acredit of $700,000 Acredit of $180,000

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