“The primary goal of accounting for sustainability is to help mitigate the impact of businesses on the natural environment”. How would you respond to this statement? Make use of examples in your explanation. Please answer this question with minimum 150 words
Q: Accrued interest on the mortgage payable is P10,000. Credit: The a beance tor A Cerfed Ceaners…
A: Assets are recorded in the balance sheet and have debit balance and liabilities have credit balance.…
Q: Shaw Company produced 730 units, Its overhead allocation base is DLH and its standard amount per…
A: GIVEN Shaw Company produced 730 units. Its overhead allocation base is DLH and its standard amount…
Q: Analysis of Multiple Produc Alo Company produces commercial printers. One is the regular model, a…
A: Break even point is the point where the company has no profit or loss . Thus the contribution margin…
Q: Explain the objective of the cash flow statement and why it is required.
A: A cash flow statement is a basic financial report that depicts a company's cash inflows (cash…
Q: What are estate taxes?
A: Taxes: Taxes are the taxpayer's obligation to pay a certain amount to the tax authority on yearly…
Q: On the basis of the details of the following bonds payable and related discount accounts, indicate…
A: Solution: Cash flow from financing activities consist inflow and outflow of cash related to long…
Q: Ebony Corporation has negotiated the acquisition of Ivory Company in an exchange of shares. Under…
A: The question requires us to calculate the post-merger earnings per share and the percentage…
Q: Prepare the journal entry to record the sale of 1,800 units that cost $9 per unit and sold for $15…
A: Journal entries recording is the first step of accounting cycle process, under which one account is…
Q: A: Choose the right answer: 1. DRP Limited has recently introduced manufactures three products,…
A: Under Activity Based costing, Activity rates are calculated for each cost pools and then costs are…
Q: June 2 Commenced business with a capital of 1,000,000 June 4 Purchased 2,000 vape at a cost of Php…
A: Answer:- T account meaning:- A T-account is a colloquial word for a collection of financial records…
Q: ed to be. Manufacturing overhead was estimated to be $261,300 for the year along with 20,100 direct…
A: Over (under) applied overhead = Applied overhead - Actual overhead where, Applied overhead = Actual…
Q: Explain the purpose of the statement of cash flows and why it is necessary.
A: Statement of cash flow is the part of financial statements. It is more classified version of simple…
Q: The entry to close Dividends would be a. debit Retained Earnings, $2,500, credit Dividends, $2,500…
A: Journal entries refers to the official book of a company which is used to record the day to day…
Q: rue or False. All payments by cheque are recorded in the cash payments journal. Any GST/HST paid on…
A: Cash payment journal is a accounting book, which records all type of payments such as payment for…
Q: Required information Problem 11-46 (LO 11-4) (Algo) (The following information applies to the…
A: A. Adjusted basis in building = Original basis- Accumulated Depreciation = $325000 - $65000…
Q: At December 31 , 2022, before any year-end adjustments, Dallis Company's Prepaid Insurance account…
A: Prepaid insurance means amount paid for insurance expenses in advance and it will be recorded as…
Q: Profitability
A: Profitability is the prime purpose of every business. Every corporation tries to maximize its…
Q: In 2014,Craig and Kathy Koehler owned a small business which was held as a proprietorship in Kathy's…
A: Tax liability: Tax liability is an amount levied on the taxpayer's income on the basis of applicable…
Q: SA Construction Limited currently operates in Trinidad. The company is considering setting up…
A: A company is allowed to change the registered office of the company by passing a special resolution…
Q: The balance in the supplies account before adjustment at the end of the year is $6,892. The proper…
A: Lets understand the basics. Adjustment entry is required to pass to record correct amount of revenue…
Q: SHUTDOWN OR CONTINUE OPERATIONS DANCING ELF INC. produces white glue (a wood glue) that is used by…
A: Variable cost is the cost that changes with the change in the output level.
Q: Using the percentage method, what is the amount of Oklahoma income tax withheld under each of these…
A: The amount of income tax withholding under the percentage method is calculated by looking for the…
Q: The following data were accumulated for use in reconciling the bank account of Creative Design Co.…
A: Introduction:- Bank statement is regularly prepared and sent by bank. The company maintains its own…
Q: The accountant of Jonathan Manufacturing Company was tasked to perform monthly bank reconciliation.…
A: Ideally cash balance as per cashbook and bank balance as per bank statement must reconcile with each…
Q: Consider the following information about operations of a business for the period ending December 31,…
A: Gross profit is the amount of profit that is arrived at by deducting cost of goods sold from Net…
Q: An inventory of cleaning supplies showed P12,440 on hand. Asset Method - Amount: The trial balance…
A: The revenue and expenses are recorded on the basis of amount recognised or not for the period.
Q: Dec. 31 Insurance Expense
A: A Journal entry is a primary entry that records the financial transactions initially. The financial…
Q: Farah, Marwah, and Waseem are partners in a firm. They have capital balances of $80,000, $60,000,…
A: 1. Bonus Method - the payment to Marwah in excess of his capital balance will be shouldered by the…
Q: Which of the following terms describes expenditures made to repurpose an asset?
A: The asset is the future benefit of the company that would have to be sacrificed to pay off the…
Q: Prepare the Journal Entries to the individual T-Account
A: Journal entries recording is the first step of accounting cycle. Under this, atleast one account is…
Q: What is the best strategy to improve U.S. business ethics? Multiple Choice Ethics must be taught in…
A: Business Ethics is a branch or school of thought which seeks to apply the general principles of…
Q: On January 1, 2018, Kefauver Company purchased a piece of equipment for $375,000. The equipment had…
A: 1. Depreciation Expenses - Depreciation Expenses are the expense incurred on the wear and tear of…
Q: June 2 Commenced business with a capital of 1,000,000 June 4 Purchased 2,000 vape at a cost of Php…
A: A trial balance is a statement that shows the Balance or total amounts of debit and credit items of…
Q: Required: (a) How many rights are required to purchase one new share? (b) What is the price of one…
A: Number of shares = Desired funds /Subscription price= 22,500,000/ 75= 300,000 shares
Q: Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases…
A: A. Amount added = Balance of allowance for doubtful account as per aging method - credit balance in…
Q: Prepare the journal entry to record the sale of 1,300 units that cost $6 per unit and sold for $17…
A: Journal entry recording is the initial step of accounting cycle process. Under this atleast one…
Q: 9. FAIRY DRAGON CORP. has been producing two bearings, components B12 and B18, for use in…
A:
Q: avel allowance- 2000 Insurance - 980
A: Given as, Fixed vs variable ratio- 70:30Ctc - 24LBasic- 50%Hra- 22%Da - 12%Travel allowance-…
Q: s the principle of caveat emptor (let the buyer beware) be applied to
A: The principle of caveat emptor is very old concept that favor more to the seller of product and…
Q: Windy City manufactures decorative weather vanes that have a standard materials cost of two pounds…
A: Formulas: Material price variance = (Actual price per pound - Standard price per pound)*Actual…
Q: If a parent company has a subsidiary operating in a foreign country that is characterized by…
A: The method of currency translation of foreign under which most of the items of the financial…
Q: A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each…
A: Joint costs are those costs which are incurred for the production of two or more than two products…
Q: Balance of Interest Expens
A: In this question, we have given a trial balance and we have to find out the interest Expense amount…
Q: equired: Prepare the Trial Balance section of a 10-column worksheet. The worksheet covers the year…
A:
Q: FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high…
A: Sales budget is one of the form of budget being prepared in business. It shows estimated sales units…
Q: ach of the cases below, assume Division X has a product that can be sold either to outside customers…
A: The total cost of production of a good comprises the total fixed cost of production and the total…
Q: 4. Why should persons interested in reading financial reports of governments and not-for-profit…
A: GASB stands for Governmental Accounting Standards Boards. It is an independent and private sector…
Q: Problem 12.1A (Static) Recording adjustments for accrued and prepaid items and unearned income. LO…
A: The adjustment entries are prepared at year end to adjust the revenue and expenses for the current…
Q: A company uses the perpetual inventory system and recorded the tollowing entry: Accounts Payable…
A: The perpetual inventory system records all expenses or losses or discount related to purchases with…
Q: Accounting on 7/2/Y1 Loch Ness, Inc. purchased 50 of the $1,000 face bonds issued by EBerry Corp.…
A: Investment- Investment is defined as the purchase of an asset in order to generate income or capital…
“The primary goal of accounting for sustainability is to help mitigate the impact of businesses on the natural environment”. How would you respond to this statement? Make use of examples in your explanation.
Please answer this question with minimum 150 words
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- In the Stanford Journal of law, Business,& Finance explain how environmental, sustainability, and governance considerations are important in compensation for hiring a new CEO? how could we label them using this chart? What other action should we take to implement this plan of action from the chart? Metric Name Description Goals MeasurementActing and Reporting on Sustainability Sustainability and the environment are topics of increasing importance in business and society today. Locate an article that profiles an organization from one of the sectors we have studied in this course (governments, not-for-profit organizations, and colleges or universities) and how that organization is addressing and reporting their activities related to sustainability. What can you learn about the organization’s commitment to sustainability from their financial statements and reporting? (Note: This may require more research than just one article.) Compare your findings to those of your classmates. What conclusions can you draw from the information shared?Which of the following statements is not true? Sustainability is defined as meeting the needs of the present generation without compromising the ability of future generations to meet their own needs. GRI standards are targeted at investors and lenders. O Corporate Social Responsibility (CSR) is the set of steps that firms take to bear responsibility for their impact on the environment and social well-being. SASB's mission is to help businesses around the world identify, manage and report on the sustainability topics that matter most to their investors.
- There are several organizations making standards for companies to follow when making Sustainability Reports. From the list below choose the two (2) organizations that make rules for preparing Sustainability Reports. O FASB O SASB GRI O AACSBSustainability reporting can incorporate which of the following? environmental reporting social reporting business viability reporting I don’t really care I just want a good grade All of the above (excluding “I don’t care…”)Environmental Accounting Question 1. Explain Environmental Conservation Cost and Environmental Conservation Benefit and give five difference between them. 2. Explain sustainability development with examples.
- Identify four different stakeholders in need of sustainability information and fully explain how their actions might affect a business. NOTE: You are to number the four stakeholders and separate them by paragraphs. NOTE- The minimum of 50-100 words is per paragraph.Sustainability reporting can incorporate which of the following? A. environmental reporting B. social reporting C. business viability reporting D. all of the aboveIdentify four different stakeholders In need of sustainability information and show how their actions might affect a business.
- Which of the following statements aligns with legitimacy theory? Companies will voluntarily disclose their sustainability practices in the annual report. Companies will engage in sustainability practices because it is an expectation of society. Companies will engage in sustainability practices because they believe they must protect more than just the company's assets. Companies will engage in sustainability practices because they believe their responsibility extends beyond shareholders. Companies will engage in sustainability practices because they believe the benefits will outweigh the costs.Question 1: How does Ethical reasoning affect both professional judgment and individual judgment and behavior in the accounting context? Question 2: Sustainability requires a rethinking of, economic systems and business models. Discuss and provide an example for both an economic system and business model. Question 3: Discuss the concepts of accountability, legitimacy and sustainability and the links between these concepts. How do these concepts affect the way accountability relationships are formed and the concept of stakeholders? Question 4: Sustainability standards and frameworks are diverse, political and serve different purposes, Discuss. How do these standards and reports prioritize certain stakeholders and interest groups while neglecting others? Question 5: Discuss the critical role of external accounting in enhancing accountability relationships. How can these external accounts highlight the social…Give an example of a green financial product. Explain this product and compare it with the standard financial products of this category. Comment accordingly.
