The first question: (20 marks) 1. On 1/4/2016, Libyana Company reclassified equipment as an asset held for sale, where the book value of the asset was 200,000 dinars, the net fair value of 180.000 dinars and the value in use was 185,000 dinars. If the net fair value is assessed at December 31, 2016, for 204,000 dinars, what is the book value that will appear in the budget and why? 2. At the end of 2016, one of the companies had machines classified as an asset held for sale at a cost of 150,000, a combined depreciation of 120,000 dinars and a combined low of 5,000 dinars. On this date 12/31/2016 the asset was revalued at 31000. What is the revaluation restriction? second question: (16 marks) at JAI Mahabba Company has prepared the financial statements for the year 2011, and on 1/3/2012, the lists were approved by the Board of Directors for issuance. On 3/25/2012, the financial statements were approved by the company's general assembly. The following are some of the events that are considered important to a large degree, and it is required to explain how to deal with them according to International Accounting Standard No. 10 related to events after the reporting period (if the event requires the amendment of the financial statements, the accounting record is required for that, and in the case of non- amendment, what does it take) The company had a 12/31/2011 A commodity with a cost of 40,000 dinars and a realizable value of 37,000 dinars was sold on 22/2/2012 at a price of 19,800 dinars. at December 31, 2011, there was a case filed against the company with a claim amounting to 60,000 dinars, and a provision was made for that case in the amount of 45,000 dinars. On 2/25/2012, the court issued its final decision in the case, which obligated the company to pay 40,600 dinars. at 12/31/2011 The company had financial investments for share trading, at a cost of 40.000 dinars, and its market value on December 31, 2011 was 43,000 dinars. On February 25 2012, the market value of investments was 11,500 dinars. It shows the cost of the stock the Arab company had 14,500 dinars and the verifiable value of it is 13,000 dinars for a fire which led to its complete damage and was not insured. the fourth question: (15 marks) at 1/1/2017 Al Rayyan Company obtained a cash grant from the government amounting to 100,000 dinars in a contribution from the government to the company to purchase a device to reduce gas emissions, at a cost of 400,000 dinars. The generator was purchased on 1/1/2017 at an amount of 400.000 dinars, and the useful life of the device was estimated at 4 years. Assuming that the company decided to consume it using the straight-line method, with no residual value. Assuming that the company recognized the grant as deferred income. At the beginning of the fourth year, and because the company violated the terms of the grant, the awarding government body asked the company to pay an amount of 32,000 dinars as a refund of part of the grant amount, and the company actually paid the claim amount. Required: 1. The grant is being recognized 2. Under recognition of grant income at the end of each year 3. The accounting treatment for income-related grant repayment