Which statement is TRUE regarding an owner's policy of title insurance?
a. it covers defects are exceptions listed in the title commitment
b. it protects the lender against superior claims
c. it covers title defects found after closing
d. it is issued prior to closing and paid for after the closing
Answer: c. it covers title defects found after closing
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What job characteristic identified by the job characteristics model is described as the extent to which workers receive clear, direct information about how well they are performing the job?
What will be an ideal response?
On January 1, Ogden, Inc. had $1,500 of supplies on hand. During January, Ogden purchased $5,500 worth of new supplies. At the end of the month, a count revealed $700 worth of supplies remaining on the shelves
The adjusting entry needed will include a debit to Supplies Expense of $6,300. The supplies were initially recorded as an asset. Indicate whether the statement is true or false