I want to solve the choices 24 points

Changing the estimated percentage of doubtful debtors accounts is an example of:

A- A change in an accounting principle

b- correct a mistake

C- A change in an accounting estimate

D- Adjustment for a previous accounting period

2- What is the financial statement that summarizes the results of the firms operations:

A- Income statement

b- statement of financial position

c- List of retained earnings

D- The statement of changes in the financial position

E- All of the above

3- This principle ignores the interpretation of the effect of inflation on the financial statements:

A- Historic cost

b-industrial custom

c- Relative importance

d- unit of measurement

4- The importance of this principle follows the concept of comparability of financial statements for the same unit and for different periods:

A-suitability

b- Comprehensive disclosure

c- persistence

D- Be careful

5- The bad debts expense shall be charged to the revenue of the financial period in which the sales were made in application of the principle:

A- Historic cost

b- Matching revenues with expenditures

C- Caution

D - continuity

6- Which of the following is classified as a non-monetary item:

A- Accumulated depreciation of machines

b- Provision for doubtful debts

C- Unexpired debts from the bond loan issuance premium

D- Debts of subsidiaries whose financial statements have not been consolidated

7- The disclosure standard applies to:

A- All for-profit organizations

B- Money companies and people companies

C - money companies only

D- People companies only

8- The accounting treatment of expenses and revenues submitted and accrued is done in light of the principle:

A-suitability

b- entitlement

c- The accounting unit

D- Verifiability

9- The reports that are produced by accounting can be divided into:

A- Reports related to internal and external events

B- Reports related to exchange transactions and other unusual transactions

c- Reports related to favorable and unfavorable conditions

D- (a + c)

10- Account registration is limited to minors:

A - that actually occurred and can be measured quantitatively and is affected by the financial position

b- Expected that can be quantified

C - that actually occurred and can actually be measured

D- All of the above

11-Which of the following statements is correct:

A- The cost may be revenue or it may be capital

b) Events may be favorable or unfavorable

C- Circumstances may be internal or external

D- Operations may be reciprocal or non-reciprocal

12- The basis of accounting is:

A- The occurrence of the expense and then linking it to the revenue

B - the occurrence of revenue and then a link to the expense

C- Acknowledgment of the asset that has been extinguished and then met with the revenue

D- Determining the property rights, then the assets and liabilities, then the occurrence of the expense and then matching it with the revenue

13- The difference between revenue recognition and revenue realization

A - They are both sides of the same coin

b- First the revenue is recognized and then it is recognized

C - Revenue recognition is the process of recording transactions in the accounting records, while verification is the process of cash verification of non-monetary properties

D- All of the above is true

14- The idea of matching revenues with expenses emerged:

A- Syndrome with a shortening of the accounting period

b- To match the effort with benefit

C - to conform to the principle of continuity

D- All of the above

15- The imposition of a legal personality is negated without any other assumptions in the event:

A- Continuity of the company

b- liquidation of the company

C- Generate profits for partners

D- All of the above

16- The cost of inventory purchased with the intention of selling it is calculated on the basis of:

A- Its purchase price plus the costs of shipping, delivery, insurance, customs fees and other direct expenses minus any immediate discount collected by the facility.

b- Purchase price only

C- Purchase price plus transportation costs

D- The purchase price plus any immediate gain

17- According to the views of accounting concepts, which of the following is related to suitability?

one point

A- The time is right

b- Relative importance

C - the possibility of proof

D- time period

18- The results reached by a particular person through the use of certain methods of measurement and accounting disclosure can be reached by another person who is independent of the first person when he applies the same methods called a characteristic

A- fit

b- Verifiability

C - comprehensible

D- Relative importance

19- The rule used to judge the accounting information is?

A - its usefulness in decision-making

b- Be free from prejudice

c- Its proper timing

D-comparability

20- What is the accounting concept that justifies the use of advances and accruals?

A - continuity

b- Relative importance

C - the property of stability

D - monetary unit

21- Which of the following represents an application of the continuity hypothesis?

A - The historical cost principle can be trusted

b- Extinguishing and extinguishing policies are justified and appropriate

C- Classification of current and non-current assets and liabilities is an important justification

D- All of the above

22- The proponents of historical costing say that when compared with all other alternatives to valuation for the purposes of general financial presentation, the statements prepared according to historical cost are

A - more reliable

B - a better indicator of purchasing power

C - more suitable

D - more conservative

23-The date of accounting is important and that

A - Understand and evaluate current applications

b- To understand and evaluate institutional structures

C- the two above together

D- To understand the behavior of accounting scientists

24- In defining accounting as the art of stabilizing, classifying and summarizing largely through the use of a critical expression of deals and events that are at least partially financial in character and the interpretation of the consequences thereof, the field of accountant is

A- Unlimited

b- limited

C - semi-limited

d- There is no choice from the above