please answer all the questions immediately thankyou

16. Which of the following is most correct with regards to PAS 40?* (1 Point) O All the properties of the entity that is held for rental may be considered to be an investment property When the land is held by the entity and is being intended to use as a factory site, the land may be classified a investment property An investment property is measured initially at fair value O An owner-occupied property is held by an owner for administrative purposes 17. Which of the following is true with regards to an operating lease? * (1 Point) The depreciation of the underlying asset is debited in the books of the lessee Lease liability account is credited in the books of the lessee The lessor shall recognize a depreciation expense in relation to the underlying asset The lessor may classify the lease contract as a sales-type lease and record a corresponding sales revenue 18. At commencement date, a lessee shall recognize a night-of-use asset and a lease liability. Why? 1. Because at the start of a lease a lessee obtains the right-of-use asset for a period of time and, if payments are made over time, incurs a liability to make lease payments II. Because the absence of information about leases on the balance sheet meant that investors and analysts were not able to property compare companies that borrow to buy assets with those that lease assets, without making judgements (1 Point) O Both I and II O ll only O Neither i norit O only As 19. What amount is accrued as a provision involving a single obligation? (1 Point) Minimum estimated amount Maximum estimated amount Best estimate O Median between the minimum and maximum amounts 20.ABC Company purchased a three-month treasury bill. The company's policy is to treat as cash equivalents all highly liquid investments with an original maturity of three months or less when purchased. How should this purchase be reported in the statements of cash flows? Is (1 Point) - As an outfiow from investing activities o As an outflow from financing activities As an outlow from operating activities O Not reported