According to Dougherty, Consent and Promise Are Similar Moral Phenomena

question 1117

True/False

According to Dougherty, consent and promise are similar moral phenomena since by giving consent we release others from their obligations, whereas by making promises we impose obligations on ourselves.

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Definitions:

Consolidated Financial Statements

Financial reports that display the economic condition, operational outcomes, and cash movements of a parent company and its subsidiary companies as one consolidated entity.

Pooling-of-interests Method

A merger accounting method where the assets and liabilities of merging companies are combined using their book values.

Acquisition Method

An accounting approach used to consolidate the financial statements of two companies when one company acquires control over the other.

Purchase Method

An accounting method used in mergers and acquisitions where the assets and liabilities of the acquired company are added to the acquirer's balance sheet at their fair market values.