Which of the Following Statements in Relation to Triple Bottom

question 16

Multiple Choice

Which of the following statements in relation to triple bottom line (TBL) reporting is correct? TBL reporting:

• A)can only be used by companies.
• B)can and is being used by at least one Australian council.
• C)is not supported by the Australian government.
• D)All of the above statements are correct.

---

Definitions:

Accrued Interest

Interest that has been earned but not yet paid, accumulating on bonds, loans, or any interest-bearing assets.

Note Receivable

A written promise for the amounts to be received within a certain period of time, which represents a right to receive payments from another entity.

Payment of Account

The process of settling an amount owed to a creditor or vendor, often referred to as making a payment on an account.

Accounts Receivable Turnover

A financial ratio that measures how many times a company collects its average accounts receivable within a period.