Which of the Following Is Not True Regarding Future Actual

question 5

Multiple Choice

Which of the following is not true regarding future actual people?

• A) They are not in the same moral community as any of us today.
• B) We and they cannot affect each other's interests in the same sorts of ways.
• C) They are presently non-existent people.
• D) We cannot have moral obligations towards them.

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Definitions:

Lower Of Cost

A accounting principle that mandates reporting the cost of inventory and other assets at the lower of their original cost or current market value.

Generally Accepted Accounting Principles

The standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as GAAP.

Lower Of Cost

An accounting principle requiring inventory to be recorded at the lower of its historical cost or market value.

Market

A venue or mechanism where buyers and sellers engage in the exchange of goods, services, or financial instruments.