Assessment is the last step of the OPM3 process

On January 1, 2016, Prepaid Insurance of Maywood, Inc. had a beginning balance of $1,400. Three months of insurance premiums remain in the beginning balance

On February 1, 2016, the company paid an annual insurance premium in the amount of $3,700 for the period beginning April 1. On February 28, 2016, the balance in Prepaid Insurance is $934. The deferred expense was initially recorded as an asset. Indicate whether the statement is true or false

The ________ Clause of the Fifth Amendment to the U.S. Constitution provides that if the government takes private property for public use, it must pay the owner just compensation

A) Commerce B) Supremacy C) Takings D) Holdings