Question: On 1 August 2019 ABC Pty Ltd received a distribution of $17,500 from Big Bank Pty Ltd, franked at 50%. Big Bank is not a

On 1 August 2019 ABC Pty Ltd received a distribution of $17,500 from Big Bank Pty Ltd, franked at 50%. Big Bank is not a base rate entity. What entry would appear in ABC Pty Ltds franking account as a result of this transaction?

On 1 August 2019 ABC Pty Ltd received a distribution of $17,500 from Big Bank Pty Ltd, franked at 50%. 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: * . $17.500 credit O b. $7.500 debit O c. $3,750 debit O d. $3,750 credit Clear my choice

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