please answer all the questions immediately thankyou

13. The last step in the accounting cycle is to * (1 Point) Journalize and post-closing entries Journalize and post adjusting entries O Prepare a post-closing trial balance Prepare the financial statements 14. The accounts in the statement of financial position are the real values while income statement accounts are only temporary or nominal values. (1 Point) False O True 15. It is the residual interest in the assets of the entity after deducting all of its liabilities. (1 Point) O Income O Equity Net income O Expense 16. Investor has unlimited liability (1 Point) Corporation Sole Proprietorship Partnership 17. The following are the types of the business activities: Financing, Investing and Merchandising. (1 Point) O True Falsel 18. In the event of conflict between the economic substance of a transaction and its legal form, the economic substance shall prevail. This is known as (1 Point) Form over substance Completeness Faithful representation Substance over form 19. The accountant prepares and distributes general purpose reports common to all users based on the qualitative characteristics of * (1 Point) O relevance neutrality O objectivity O reliability hing 20. The owner's equity account contains two major components: (1 Point) Owners capital and loan due to BPI owners drawing and loan due to BPI Owner's drawing and owners capital owners capital and bank deposits