please answer all the questions immediately thankyou

20. Statement 1 - All business activities are accountable transactions Statement 2-The focus of government accounting is the custody and administration of Public funds * (1 Point) True: True True; False False: False False; True 21. Statement 1 - It is mandated to prepare the financial statements monthly to assess the performance of the entity timely Statement 2 -The level of profit or income earned by an entity is the primary measurement of the company's financial performance * (1 Point) True: True O True: False False: False False: True 22. Statement 1 - A restricted cash equivalent shall be presented as non-current liability Statement - Report form is the required form of the statement of financial position as mandated by the Securities and Exchange Commission * (1 Point) True: True True: False False: False False; True 23. Which of the following must not be classified as current lability? * on (1 Point) An obligation that is held primarily for the purpose of being traded An obligation on which the entity has an unconditional right to defer the settlement for atleast 12 months after the reporting period Anopligation that is settled within one year after the reporting period. O A legal obligation expected to be settled with the entity's normal operating cycle 24. Which of the following is not in the scope of conceptual framework? (1 Point) O Objectives of the financial statements Form and presentation of financial statements O Qualitative characteristics of the financial information Nature and definition of elements of financial statements