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

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.