please answer all the questions with useful information thank you

2 3 5 1Investors are interested in financial reporting because it provides information that is useful for making decisions. a. True b.False 2. Financial statements are the principal means through which a company communicates its financial information to those outside it. a. Trueb.False 3.All the following are ways in which accounting information is used by financial accounting except to a.evaluate borrowing capacity to determine the extent of a loan to grant. b.decide whether to invest in the company c.plan and control company's operations. d.buy, sell, hold equity and debt instruments 4.Revenues are recognized in the accounting period in which the performance obligation is satisfied. a. True b.False 5. Revenue generally should be recognized a.when the performance obligation is satisfied. b.when realized, c.at the end of production. d.at the time of cash collection 6. When a corporation pays a note payable and interest, a the account interest expense will be decreased. b.they will debit notes payable and interest expense c.the account notes payable will be increased. d.they will debit cash. 7.When a corporation pays a note payable and interest, a.the account interest expense will be decreased, b.they will debit cash.c.the account notes payable will be increased d.they will debit notes payable and interest expense 8.A journal entry to record the sale of inventory on account will include a a.debit to Accounts Receivable. b.credit to Cost of Goods Sold.c.debit to Sales Revenue. d. debit to Inventory