please answer ALL 10 questions

If an Asset increases, you the account. debit credit Question 2 ( 4 points) If a business makes a $10,000 loan payment with a check (cash), what happens? The cash account is credited for $10,000 because it decreases by $10,000, and the loan account is debited because it decreases by $10,000. The cash account is debited for $10,000 because it decreases by $10,000, and the loan account is debited because it decreases by $10,000. The cash account is credited for $10,000 because it decreases by $10,000, and the loan account is credited because it decreases by $10,000. The cash account is debited for $10,000 because it decreases by $10,000, and the loan account is credited because it decreases by $10,000. Question 3 (4 points) When a business is deleveraging, what happens? Paid in capital increases. The company's retained earnings increase. The company's debt decreases. The company's debt increases. Question 4 (4 points) Revenue less COGS (Cost of Goods Sold) equals. net profit operating profit profit gross profit If a business is liquidated, the owners get paid first, then the lenders get paid. True False Question 6 (4 points) Lenders do not automatically get a say in the operation of the company. True False Question 7 (4 points) Equity is net assets or "leftover" assets. True False Question 8 (4 points) An income statement provides valuable insights how efficiently a company controls assets. True False Revenues is another word for receipts. True False Question 10 (4 points) Expenses are Value Generating Activities (VGA). True False