Please help me answer this bussiness accounting because the last time answer was incomplete$-$ part$1$

I. Which of the following persons or groups have the ultimate control of a corporation? O A) the chief executive officer C) 8) the board of directors O C) the audit committee O D) the shareholders 2. Since they are both the same activities, the terms "accounting" and "bookkeeping" are synonymous and can be used interchangeably. O A) True 0 8) False 3. The owners' interest in the assets of a corporation is known as: O A) assets 0 8) shareholders equity O C) expenses O D) revenues 4. If liabilities increase $120,000 during a given period and shareholders' equity decreases $25,000 during the same period, assets must: C) A) decrease S145,OOO 0 8) increase $145,000 O C) increase 000 O D) decrease sgs,ooo S. On January I 2020, total assets for Liftoff Technologies were $125,000; on December 31 2020, total assets were $145,000. On January I, 2020, total liabilities were $110,000; on December 31, 2020, total liabilities were $115,000. What are the amount of the change and the direction of the change in Liftoff Technologies shareholders' equity for 2020? C) A) decrease of S 15,000 C) 8) increase of 515.000 O C) increase of 530.000 O D) decrease of $30,000 6. Which financial statement must be prepared before the others? O A) income statement 0 8) balance sheet O C) cash flue statement O D) retained earnings statement 7. Interest payable, income tax payable and salary payable are all examples of: C) A) accrued liabilities C) 8) prepaid expenses C) C) expenses of future periods O D) retained earnings & The payment of an amount owed to a creditor would: O O A) 8) D) increase assets increase liabilities decrease net income decrease liabilities