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Choose the correct classification for the following accounts: A forfeited shares account; A forfeited shares reserve: 1. Liability Asset2. Income Equity3. Expense Liability5. Asset Income5.

Choose the correct classification for the following accounts:

A forfeited shares account; A forfeited shares reserve:

1. Liability Asset2. Income Equity3. Expense Liability5. Asset Income5. Liability Equity

a.

1

b.

2

c.

3

d.

4

e.

5

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