Choose a correct statement from the following in relation to share buy-back. The accounting treatment for share buy-back is clearly prescribed in the Conceptual Framework. Share buy-back scheme maybe used as a way to manage surplus funds held by companies. Share buy-back is allowed by the Corporation Act 2001 whenever companies have excess funds and wish to buy back their shares. Companies undertake share buy-back as a tactic to defend against a hostile takeover. A Moving to another question will save this response. Question 12 of 18 > >> 4:09 PM 9/13/2020 @ o PC (hp