Calculate the assessable income of ffsf


Question: Future Fairways Superannuation Fund (FFSF) is a resident complying fund. During the 2023 income year, FFSF recorded the following transactions: Contributions received from employers on behalf of members $750,000 Fully franked dividends received from listed companies $ 70,000 Proceeds from the sale of shares (original cost in 2018 of $70,000) $160,000 Calculate the assessable income of FFSF for the 2023 income year. Question Select one: $910,000 $895,000 $880,000 $865,000

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Accounting Basics: Calculate the assessable income of ffsf
Reference No:- TGS03417495

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