Very well done Raz, but still there are some mistakes or only one misconception which caused these (two) mistakes.

i) is (d) because expense occur when assets are consumed and realized, not will they are purchased.

viii) is (d) reason is same.

To clearify this I recomend meigs 11e's chapter 3 and 4.

And I confirm;

ix) is (d)
xvi) is (c), confusion is of termnology. Operating cycle is not used for "cash conversion cycle" in many books, but they are same.
xviii) is (c) its the best answer. And states the purpose of Financial Statements.

And I doubt;
xvii) to be (d)

So now it becomes;

(i) d
(ii) c
(iii) c
(iv) a
(v) c
(vi) b
(vii) d
(viii) d
(ix) d
(x) d
(xi) d
(xii) c
(xiii) a
(xiv) c
(xv) d
(xvi) c
(xvii) Raz says (b) and doubts, I say (d) and doubt.
(xviii) c
(xix) a
(xx) b