During year 8, Creek Co. determined that an insurance premium paid and entirely expensed in year 7 was for the period January 1, year 7 through January 1, year 9. How should Creek classify and treat the above transaction on its financial statements

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When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?

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