During the Year,The Light Corporation Paid $550,000 in Preferred Share

question 5

Multiple Choice

During the year,The Light Corporation paid $550,000 in preferred share dividends to ABC Inc.Both companies are Canadian corporations.Which of the following is true?

• A) ABC Inc. will have to pay Part VI.1 tax on the dividend, regardless of whether or not it has taxable income.
• B) The Light Corporation will have to pay Part VI.1 tax on the dividend, regardless of whether or not it has taxable income.
• C) ABC Inc. will have to pay Part VI.1 tax on the dividend, only if it has taxable income.
• D) The Light Corporation will have to pay Part VI.1 tax on the dividend, only if it has taxable income.

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Definitions:

Problem Solve

The process of identifying a problem, finding viable solutions, and implementing them effectively.

Human Methods

Refers to approaches and techniques involving direct human interaction or effort in processes or studies.

Customer Equity

A ratio that compares the financial investments a company puts into gaining and keeping customers to the financial return on those investments.

CRM Program

Customer Relationship Management program; a strategy for managing an organization's interactions with current and potential customers using data analysis about customers' history with a company.