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      Question

      In the Balance Sheet, Corporate Dividend Tax will be

      shown as a liability under the heading -
      A Current Liabilities Correct Answer Incorrect Answer
      B Non-Current Liabilities Correct Answer Incorrect Answer
      C Tax Liabilities Correct Answer Incorrect Answer
      D Deferred Liabilities Correct Answer Incorrect Answer

      Solution

      Corporate Dividend Tax (often referred to as Dividend Distribution Tax or DDT) is typically shown as a liability on the balance sheet under the "Current Liabilities" section. This is because it represents a tax liability that the company owes and expects to settle in the short term, usually within the next accounting period.

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