Carbon Dioxide Emissions Are an Example of a Negative Externality

question 68

True/False

Carbon dioxide emissions are an example of a negative externality.

---

Definitions:

Controlling Accounts

A summary account in the general ledger that consolidates the totals of subsidiary ledger accounts.

Subsidiary Accounts

Detailed records that support or are linked to a general ledger account, providing specifics about transactions.

General Ledger

A comprehensive set of accounts that records all financial transactions of a business, providing the data needed to compile financial statements.

Accounts Receivable

The amount of money owed to a company by its customers for goods or services sold on credit.