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Pls fast Without explain it 17. The concept of separate entity is applicable to which of the following types of businesses? A) Sole proprietorship B)

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Pls fast Without explain it

17. The concept of separate entity is applicable to which of the following types of businesses? A) Sole proprietorship B) Corporation C) Partnership D) All of them 18. Collection of accounts receivable will A) Increase assets and decrease assets C) Increase assets and increase capital B) Increase assets and decrease liabilities D) Increase assets and increase cash 19. Financial Statements are prepared in the following order: A) Income Statement - Statement of Retained Earnings - Balance Sheet B) Balance Sheet - Income Statement - Statement of Retained Earnings C) Income Statement - Balance Sheet - Statement of Retained Earnings D) Statement of Retained Earnings - Balance Sheet - Income Statement 20. Find out the value of assets if: Liabilities = $5000 and Capital = $1000 A) $4000 C) $7000 B) $6000 D) $3000

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