1) Ordinary shares are a class of shares that typically ranks last in terms of any distribution of capital. Holders have voting rights, and will receive dividends at the discretion of the directors.

A. Ture

B. false

2) 'Share buybacks' occur when a company buys back some of the ordinary shares held by existing shareholders.

A. Ture

B. false

3) For compound financial instruments, if the conversion of the securities to shares is the probable outcome, the securities would meet the criteria for recognition as liabilities in the AASB Conceptual Framework, and under AASB 132 the securities would not have an equity component.

A. Ture

B. false