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George Owns 20 000 Shares in Australian Meat Snacks,Inc

Question 8

Multiple Choice

George owns 20 000 shares in Australian Meat Snacks,Inc.A market price for 1 share is currently $17.In December 2007,the company declared a dividend of $0.51 per share.George decided to participate in the dividend reinvestment plan and received ____ new shares on 8 January 2008.He ____ include the dividend in his 2007-2008 assessable income in the same manner as cash dividends.


A) 600;will
B) 200;will not
C) 1 177;will not
D) 1 177;will
E) 600;will not

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