Specific Items in the Rules of Conduct May Not Necessarily

question 13

True/False

Specific items in the rules of conduct may not necessarily be based on one of the ethics principles,but,instead,they may involve various elements of different ethical theories.

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Definitions:

Investing Activities

Investing activities involve the purchase and sale of long-term assets and other investments, not including cash equivalents, reflected in the cash flow statement of a company.

Statement Of Cash Flows

A report that captures the effects of changes in balance sheet accounts and income on the availability of cash and cash equivalents.

Equipment

Tangible property other than land or buildings that is used in operations of a business, such as machinery or office furniture.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.