Relationship between the terms ethics and morals


Response to the following questions:

1. Can cash dividends be paid from retained earnings? Comment.

2. Why should notes to financial statements be reviewed?

3. Where do we find a description of a firm's accounting policies?

4. Describe the relationship between the terms ethics and morals.

If possible, please give examples to better understand your response.

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Accounting Basics: Relationship between the terms ethics and morals
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