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.

---

Definitions:

Family and Medical Leave Act

U.S. legislation granting eligible employees unpaid, job-protected leave for family and medical reasons.

Limitations

Restrictions or constraints that limit the ability to perform an action or achieve a goal.

Discouraged Workers

Individuals who are not actively seeking employment because they believe no jobs are available for them or they are qualified for the jobs that exist.

Discount Period

The timeframe during which a payment can be made at a reduced rate, often used in terms of early payment of invoices for goods or services.