Debra and Dexter Are CPAs Specializing in Tax Planning and Preparation.Recently

question 21

Multiple Choice

Debra and Dexter are CPAs specializing in tax planning and preparation.Recently, Debra stated that, in her view, her highest responsibility is to do what's right for herself.Which school of ethical thought does Debra follow?

• A)ethical egoism
• B)utilitarianism
• C)deontology
• D)virtue ethics

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Definitions:

Interest Payable

The amount of interest expense that has been incurred and is owed but has not yet been paid as of the balance sheet date.

Interest Expense

An entity's expense from acquiring funds through loans over a specific time frame.

Notes Payable

Written agreements where a borrower agrees to pay back a sum of money to a lender by a certain date.

Cash

An asset account representing currency or currency equivalents that can be accessed immediately or near-immediately.