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  3. (b) how should the following payments and receipts

(b) How should the following payments and receipts of a New Zealand resident company be...

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Accounting

(b) How should the following payments and receipts of a New Zealand resident company be recorded in the companys imputation credit account?

Payment of income tax of $300

Payment of PAYE of $600

Payment of GST of $100

Payment of FBT of $500

Receipt of a $720 dividend, with imputation credits attached of $280

Payment of a $720 dividend

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