The Triple Bottom Line Advocated by the King II Report

question 75

Short Answer

The triple bottom line advocated by the King II report, released by the committee formed by Mervyn King, recognizes the economic, environmental, and _____ aspects of a company's activities.

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Definitions:

Timeliness

The degree to which information, actions, or events occur at a suitable or opportune time, particularly in contexts requiring promptness.

Interest Expense

The amount of interest payable on any borrowed funds.

Notes Payable

A written promise to pay a certain amount of money, usually bearing interest, by a specific date; it is a liability on the balance sheet.

Interest Payable

A liability account shown on a company’s balance sheet which represents the amount of interest expense that has accrued but has not been paid as of the balance sheet date.