Springdale Co.reported Net Income of $200,000.Cash from Operations

question 114

Multiple Choice

Springdale Co.reported net income of $200,000.Cash from operations

• A)will be more than $200,000.
• B)will be less than $200,000.
• C)will be equal to $200,000.
• D)cannot be determined without more information.

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Definitions:

Values

Positive abstractions that capture our sense of what is good and desirable.

Whistle-Blowers

Individuals who expose illegal or unethical activities within an organization to the public or to those in power.

Sarbanes-Oxley Act

A federal law enacted in 2002 to improve corporate governance, prevent fraud, and enhance the accuracy and reliability of financial reporting by corporations.

Universalization Test

A principle in ethics that evaluates the morality of actions based on their applicability to all individuals in similar situations.