THE ANSWER SHEET Accounting theory Final Spring 2021

.‫ال تحمل ورقة األسئلة‬/‫) حمل ورقة اإلجابة فقط مع أي ورقة أضافية للحل إذا لزم فقط‬2 ( ‫) دقيقة‬1
:‫واجهت مشكلة في تحميل و رقة اإلجابة على النظام قم بتحميل ورقة اإلجابة علي االيميل الخاص بي‬
Instructor: Prof. Mahmoud /EM: m.khalaileh@ju.edu.jo
EXAM Model: ( ) NAME: ‫أسامة مراد عوض هللا‬

Student # 0178470

Answers to Part ( I) Multiple choice

Q 1 2 3 4 5 6 7 8
A B A C D A C A C

Q 9 10 11 12 13 14 15
A F F D C C 880 810

Answer to Part III (6 points)

A) - Show the dollar amount impact, if any, and the nature of the effect (overstatement or
understatement or no effect) of these accounting errors on the following financial
statement items.
F S items The impact on reporting
value
Net income 2016 Overstated

Other comprehensive income (OCI) for Overstated

2016
Understated
Owners Equity Dec. 31 2016
understated
Accum. Comprehensive income Dec.31 2016

Total assert Dec. 31 2016

RE Dec.31 2016

1
Answer to PART (II) (fil in blank )
1 11
Liquidating Dividends conservatism

2 12
Stock Dividends comprehensive income

3 13 Ifrs 13
Faithful representation
4 Going concern assumption 14
Accounting standard
codification
5 15 Cash equivalents
Capital maintenance

6 16 BAD DEBT
Monetary unit assumption

7 17 depreciation
Understandability

8 % of sales ---matching principle 18 Recognition

9 ACCOUNTING ERRORS 19 Realization

10 Decision making process 20

Faithful representation