Prevention Goals Are Consistent With

question 48

Multiple Choice

Prevention goals are consistent with:

• A)ethical formalism.
• B)ethics of care.
• C)deontological ethics.
• D)utilitarianism.

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Definitions:

Liability and Asset Accounts

Accounts on a balance sheet that represent obligations to pay others (liabilities) and resources owned by a company (assets).

Financial Statements

Official accounts detailing the economic operations and condition of an enterprise, person, or any other unit.

Unearned Legal Fees

Money received by an entity for legal services yet to be performed, recognized as a liability until the services are rendered.

Adjusting Entry

A journal entry made at the end of an accounting period to update the ledger accounts for accruals, deferrals, and other adjustments necessary to ensure accurate financial reports.