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how to identify that dividend shown in income statement is grossed amount or net amount?
BPP revision Kit , Q41(note 7) and Q45(note2) in respect of the dividend, why they are treated differently?For companies if the question just says dividends received it is net but if it says Franked Investment Income it is gross. Just watch out in the question in case he states all figures are quoted gross as then he is telling you it is gross otherwise if he doesn’t state anything then as above
Hope this helps
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