Big Business Limited Distributes a Fully Franked Dividend to Its

Big Business Limited distributes a fully franked dividend to its shareholders. Which of the following statements best describes the outcome for shareholders?

A) Shareholders must include their share of the profit from which the dividend is paid in their personal income tax return, but this amount is disregarded for their personal tax purposes.
B) The company pays tax on the profits from which the dividend is paid.
C) The profits from which the dividend is paid are not taxed at the corporate level.
D) both B & C