A business in which one person owns the entire business and reports all profits and losses directly on his or her own income tax return would be a:

Husker Supplies Inc. purchased a 12-month insurance policy on March 1, 2015 for $1,800. At March 31, 2015, the adjusting journal entry to record expiration of this asset will include a

A. debit to Insurance Expense and a credit to Prepaid Insurance for $150 B. debit to Prepaid Insurance and a credit to Cash for $1,800 C. debit to Insurance Expense and a credit to Cash for $150 D. debit to Prepaid Insurance and a credit to Insurance Expense for $200

Paid media is highly credible but it is uncontrolled

Indicate whether the statement is true or false