Examlex
Singer proposes a calculation of philanthropic donations from the top 10% of the US population that would more than solve the crisis of global poverty. He bases this conclusion on the principle that one ought to give if one can do so without sacrificing anything of comparable moral significance. Do you agree with Singer? Why or why not? In your answer, discuss the issue of philanthropy versus government aid in resolving global crises.
Journal Entry
A record in accounting that represents a transaction and its effect on various accounts, used to transfer amounts from one account to another.
Profit and Loss Ratio
A financial metric that measures a company's profitability by comparing its profits and losses over a specific period.
Other Assets
Assets that do not fit into the standard categories of current or long-term assets, often including long-term investments, patents, or deposits.
Working Paper
Documentation created by accountants during an audit or financial analysis, containing the details and evidence supporting their conclusions.
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