The Following Accounts Appear in an Adjusted Trial Balance of Brock

question 24

Essay

The following accounts appear in an adjusted trial balance of Brock Pool Service Company. Indicate whether each account would be reported in the (a) current assets, (b) property, plant, and equipment, (c) current liabilities, (d) long-term liabilities, or (e) stockholders' equity section of the December 31, 2011, balance sheet of Brock Pool Service Company.

---

Definitions:

Act Consequentialists

Ethical theorists who evaluate the morality of an action based solely on the outcomes or consequences it produces.

Utilitarian Decision

A decision-making process that maximizes overall happiness and minimizes overall pain, in line with utilitarian principles.

Rule Consequentialism

A theory in moral philosophy that suggests the rightness or wrongness of an action should be judged by the conformity to a rule whose general observance would lead to the best consequences.

Empirical Investigation

A method of research that involves the collection and analysis of data through observation and experiment to test hypotheses or theories.