Which of the following statements with respect to dividends is NOT correct?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Which of the following statements with respect to dividends is NOT correct?
O A. Stock dividends are subject to the same gross up and tax credit procedures as cash dividends.
OB. All taxable dividends paid by Canadian controlled private corporations are non-eligible dividends
OC. Capital dividends can be received by individuals without tax consequences
O D. Dividend tax credits are based on a percentage of the gross up on dividends received.
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