Question: On 1 August 2019 ABC Pty Ltd received a distribution of $17.500 from Big Bank Pty Ltd, franked at 100%. Big Bank is not a

On 1 August 2019 ABC Pty Ltd received a distribution of

On 1 August 2019 ABC Pty Ltd received a distribution of $17.500 from Big Bank Pty Ltd, franked at 100%. Big Bank is not a base rate entity. What entry would appear in ABC Pty Ltd's franking account as a result of this transaction? Select one: a. $17.500 credit b. $17.500 debit c. $7,500 credit d. $7.500 debit

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