A. Explain the differences between sole proprietorship, partnership and limited liability company in terms of the following characteristics: (a) Ownership and capital (b) management and control (c) liability of members B. Differentiate between current assets and non-current assets. Provide 2 examples for each of the category. c. Explain THREE (3) objectives of preparing financial statement. D. State the accounting concept and explain the accounting treatment that are applicable to transactions below: (a) Mr. Yusof, the owner of a bookstore, has included his family vacation trip to Singapore as part of his business expenses. (b) The directors of a company have approved performance bonuses to all staff at the end of December 2022. The bonuses will be paid in March 2023. The financial year end of the company is 31st December 2022. (c) This accounting concept assumes that a business will continue to operate in the foreseeable future and maintain good financial standing. (d) A company purchased a factory building for RM1,000,000 in year 2019. The current market price of the building has increased to RM1,650,000. The company maintained the purchase price in its financial statement for the year 2022. (c) Heavy Motor business has traditionally use straight line method in depreciation of its machines and equipments. The business intends to change its depreciation policy to reducing balance method in the current year financial statement