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This is an old quiz, to generate a new one for you :
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Quiz: accounting forfeited shares

1. What happens when shares are forfeited?

The company buys back the shares
The shares are sold to another investor
The shares are cancelled and the shareholder loses ownership
The shares are transferred to the company's reserve
Correct answer: c

2. When are shares typically forfeited?

When a shareholder requests it
When a shareholder fails to pay for the shares
When a shareholder wants to transfer ownership
When a shareholder wants to increase their ownership
Correct answer: b

3. What is the effect of forfeiting shares on the company's share capital?

Increases the share capital
Decreases the share capital
Has no effect on the share capital
Transfers the share capital to the company's reserve
Correct answer: b

4. What happens to the amount paid by the shareholder when shares are forfeited?

Refunded to the shareholder
Transferred to the company's reserve
Used to pay off company debts
Lost by the shareholder
Correct answer: b

5. Who has the authority to forfeit shares?

The company's auditors
The company's board of directors
The company's shareholders
The company's employees
Correct answer: b

6. What is the purpose of forfeiting shares?

To increase the company's share capital
To decrease the company's share capital
To punish shareholders who fail to fulfill their obligations
To transfer ownership to another investor
Correct answer: c

7. What is the accounting treatment for forfeited shares?

Recorded as an expense
Recorded as a liability
Recorded as a revenue
Recorded as a reduction in share capital
Correct answer: d

8. Can a shareholder reclaim their forfeited shares?

Yes, by paying a penalty
Yes, by repurchasing the shares
No, once shares are forfeited, they cannot be reclaimed
No, the forfeited shares are permanently cancelled
Correct answer: d

9. What is the term used to describe shares that have been forfeited?

Void shares
Lost shares
Cancelled shares
Surrendered shares
Correct answer: c

10. What is the shareholder's status after their shares are forfeited?

They remain a shareholder with reduced ownership
They become a creditor of the company
They lose all ownership rights
They become a preferred shareholder
Correct answer: c

This is an old quiz, to generate a new one for you :
Add this number on your wa +62 815 1708 4333( or click here) and type quiz accounting forfeited shares to try it yourself (or any other topic)
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This quiz/test might be in a foreign language.

This is an old quiz, to generate a new one for you :
Add this number on your wa +62 815 1708 4333( or click here) and type quiz accounting forfeited shares to try it yourself (or any other topic)

Quiz: accounting forfeited shares

1. What happens when shares are forfeited?

2. When are shares typically forfeited?

3. What is the effect of forfeiting shares on the company's share capital?

4. What happens to the amount paid by the shareholder when shares are forfeited?

5. Who has the authority to forfeit shares?

6. What is the purpose of forfeiting shares?

7. What is the accounting treatment for forfeited shares?

8. Can a shareholder reclaim their forfeited shares?

9. What is the term used to describe shares that have been forfeited?

10. What is the shareholder's status after their shares are forfeited?

This is an old quiz, to generate a new one for you :
Add this number on your wa +62 815 1708 4333( or click here) and type quiz accounting forfeited shares to try it yourself (or any other topic)

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This quiz/test might be in a foreign language.

This is an old quiz, to generate a new one for you : Add this number on your wa +62 815 1708 4333( or click here) and type quiz accounting forfeited shares to try it yourself (or any other topic)

Quiz: accounting forfeited shares

1. What happens when shares are forfeited?

2. When are shares typically forfeited?

3. What is the effect of forfeiting shares on the company's share capital?

4. What happens to the amount paid by the shareholder when shares are forfeited?

5. Who has the authority to forfeit shares?

6. What is the purpose of forfeiting shares?

7. What is the accounting treatment for forfeited shares?

8. Can a shareholder reclaim their forfeited shares?

9. What is the term used to describe shares that have been forfeited?

10. What is the shareholder's status after their shares are forfeited?

This is an old quiz, to generate a new one for you : Add this number on your wa +62 815 1708 4333( or click here) and type quiz accounting forfeited shares to try it yourself (or any other topic)

This is an old quiz, to generate a new one for you :
Add this number on your wa +62 815 1708 4333( or click here) and type quiz accounting forfeited shares to try it yourself (or any other topic)

This is an old quiz, to generate a new one for you :
Add this number on your wa +62 815 1708 4333( or click here) and type quiz accounting forfeited shares to try it yourself (or any other topic)