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For each of the following items, indicate (by placing an X) whether the item would be found on the statement of cash flows in column 1, the direct approach for determining the cash flows from operating activities, column 2, the indirect approach for determining the cash flows from operating activities, column 3, cash flows from investing activities, column 4, cash flows from financing activities. If you identify that an item affects the cash flows from operation, indirect method, also indicate whether it will be increasing (+) or decreasing (-) the cash flows.
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Ethical Dilemma
A situation where a person is forced to choose between two morally correct but contradictory actions, with no clear solution.
Act Utilitarianism
A philosophical theory that posits the morality of an action is determined by its contribution to overall happiness, with each situation judged individually.
Deontology
An ethical theory based on the belief that actions are morally required, permitted, or forbidden based on a set of rules.
Virtue Ethics
A philosophical approach that emphasizes the role of character and virtue in moral philosophy rather than either the consequences of actions or the rules governing them.
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