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Explain what Foot means when she says, "to explain an action is not necessarily to show that it could have been predicted from some fact about the agent's character-that he is weak, greedy, sentimental, and so forth. We may if we like say that an action is never fully explained unless it has been shown to be covered by a law which connects it to such a character trait."
Owner's Equity
The residual interest in the assets of the entity after deducting liabilities, representing the ownership interest of the owners.
Certified Public Accountant
A designation given to accounting professionals who have passed the CPA exam and met additional state certification and experience requirements.
Public Accounting Firm
An organization that provides a range of accounting services to the public, including auditing, tax preparation, and consulting services.
Accounting Description
A detailed account or explanation of the nature, features, and implications of an accounting entry or policy.
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