The Triple Bottom Line Refers to Which of the Following

question 78

Multiple Choice

The triple bottom line refers to which of the following?

• A) water, air, and oil
• B) footprints, finance, and environment
• C) physical environment, traditional profit/loss, and air
• D) traditional profit/loss, social responsibility, and environmental responsibility
• E) social responsibility, people, and ethics

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Definitions:

Depreciation

The allocation of the cost of a tangible asset over its useful life, reflecting its loss of value over time.

Supplies Expense

Costs associated with the consumable items used during a company's operations over an accounting period.

Journalized

The process of recording transactions in a company's journal as part of the accounting system.

Adjusted Trial Balance

A listing of all company accounts that will appear in the financial statements after adjusting entries have been made, verifying the equality of debits and credits.