If the Balance in a Forfeited Shares Account Is Refundable

question 5

Multiple Choice

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:

• A)income
• B)liabilities
• C)equity
• D)expense.

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Definitions:

Language Acquisition Device (LAD)

A hypothetical module of the human mind posited to account for children's innate predisposition for language acquisition.

Phonological Awareness

The ability to recognize and manipulate sounds in spoken language, including rhyming and syllable counting.

Shiritori

A Japanese word game in which players take turns to say a word which begins with the final kana of the previous word.

Juvenile Authorities

Official agencies responsible for the supervision, rehabilitation, and welfare of young persons who have been accused or convicted of criminal activities.