Which of the following contributes to a 'good' mission statement?

a. Mission is expressed in terms of building and selling specific products.
b. Mission is expressed in terms of competing in a specific industry.
c. Mission statement is market focused Mission is very narrowly defined so that definite competitive advantages can be obtained with finely tuned marketing programs.
d. All of the above

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.