POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

College of Accountancy and Finance

ACCO 3026 - Financial Accounting & Reporting P2
2nd Semester AY. 2016- 2017
ANSWER KEY

Theories (1pt each) Problems (2 pts each)

Ite Ite
m Answe m Answe
No. r Classification No. r Classification
1 A Easy 31 B Easy
2 C Easy 32 C Easy
3 C Average 33 D Average
4 A Average 34 B Average
5 B Average 35 C Average
6 B Difficult 36 C Difficult
7 C Easy 37 A Easy
8 C Easy 38 D Easy
9 A Average 39 A Average
10 B Average 40 B Average
11 C Average 41 C Average
12 B Difficult 42 B Difficult
13 B Easy 43 A Easy
14 A Easy 44 B Easy
15 C Easy 45 B Easy
16 A Average 46 C Average
17 C Average 47 B Average
18 D Average Outflow 48 C Average
19 B Average 49 B Average
20 A Difficult 50 C Average
21 B Easy 51 BONUS Difficult (Answer not in the choices)
22 C Average 52 B Easy
23 D Average 53 C Average
24 D Average 54 D Easy
25 A Difficult 55 D Average
26 A Easy 56 D Average
27 C Average 57 B Difficult
28 A Easy 58 C Easy
29 A Average 59 D Easy
30 C Difficult 60 C Easy
61 A Average
62 A Average
63 B Average
64 C Average
65 A Difficult