Morgan was hired by an insurance company after she graduated from college. Upon completion of a training program, Morgan was assigned to a territory where she adjusts claims of the insurer's policyowners. Morgan is a(n)

If the adjusting entry to record the amount of prepaid insurance that has expired during the period is omitted, the stockholders' equity (retained earnings) will be_____ on the balance sheet.

Fill in the blank(s) with the appropriate word(s).

Which of the following is covered by the CLTA standard policy of title insurance?

a. Easements not a matter of public record b. Rights of a party in possession c. Unknown spousal interests d. Encroachment