Which of the Following Does Not Describe the Relationship Between

question 9

Multiple Choice

Which of the following does not describe the relationship between law and justice?

• A)Law should reflect principles of justice.
• B)Justice is the first virtue of social institutions.
• C)Justice provides a standard against which particular laws can be measured.
• D)If a rule is unjust it is not legally binding.

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Definitions:

Financing Activities

Transactions involving changes in equity and long-term liabilities, reflecting how a company raises capital and repays investors.

Investing Activities

Refers to the spending of capital on assets with the expectation of generating future returns, such as purchasing property, equipment, or other companies.

Accounts Receivable

Money owed to a company by its customers for goods or services delivered but not yet paid for.

Indirect Method

A cash flow statement reporting approach that starts with net income then adjusts for non-cash transactions and changes in working capital to calculate cash flow from operating activities.