According to the Text, Which of the Following Is a Problem

question 16

Multiple Choice

According to the text, which of the following is a problem for the Doctrine of Doing and Allowing?

• A) It is sometimes difficult to distinguish doings from allowings.
• B) There seem to be cases in which allowing a harm is as bad as doing it.
• C) The results of some thought experiments seem to conflict with it.
• D) All of the above

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Definitions:

Cash Payments Journal

A financial journal that records all cash outflows or payments made by a business, including expenses and asset purchases.

Purchases Journal

A record keeping document used to note all credit purchases of inventory and other items made by a company.

Establishment of Responsibility

An internal control principle focusing on assigning specific responsibilities to particular employees to reduce errors and fraud.

Segregation of Duties

An internal control measure where no single individual is given too much responsibility in areas of financial reporting, transaction processing, or asset management to prevent fraud and errors.