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According to the concept of moral intensity, an intensely moral person will be equally ethical in almost all situations.
Statement of Cash Flows
A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents.
Direct Method
A way of preparing the cash flow statement where actual cash flows from operating activities are reported.
Income Taxes Payable
This liability account shows the amount of income taxes owed to the government but not yet paid by a company.
Cash Payments
Outflows of cash from a company to settle obligations, including the payment of goods, services, and debts.
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