If the balance in a forfeited shares account is refundable to the owners of those shares, then the forfeited shares account is classified as a component of:

Select one:

a. income.b. liabilities.c. equity.d. expense.

2) Which of the following is not a reason that companies may undertake a share buy-back?

Select one:

a. As a defence against a hostile takeover.b. To manage the capital structure.c. To increase the worth per share of the remaining shares.d. As a way to efficiently manage surplus funds.

Which of the following is not a reason that companies may undertake a share buy-back?

Select one:

a. As a defence against a hostile takeover.b. To manage the capital structure.c. To increase the worth per share of the remaining shares.d. As a way to efficiently manage surplus funds