Choose Any Social Issue That You Feel Strongly About and State

question 24

Essay

Choose any social issue that you feel strongly about and state your position discussing the ethical approach you follow to arrive at your position.How might another person looking at the same issue come to a similar or dissimilar position through a different ethical approach?

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Definitions:

Adjusting Journal Entry

a bookkeeping entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Net Income

The remaining income of a company once all taxes and costs are deducted from its total revenue.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, representing the wear and tear, or obsolescence of the asset.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made for expenses and revenues at the end of an accounting period.