The Cost to a Corporation's Image and Goodwill as a Result

question 92

Multiple Choice

The cost to a corporation's image and goodwill as a result of an oil spill would be categorized as what type of cost by an environmental management accounting system (EMA) ?

• A)Intangible cost
• B)Prevention cost
• C)Waste and emission control cost
• D)Materials cost of production outputs

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Definitions:

Cumulative Preferred Stock

A type of preferred stock that accrues dividends in case they are not paid as scheduled, ensuring that dividends are paid out before any dividends can be issued to common stock shareholders.

Dividends Per Share

The total amount of dividends declared by a company for each share of stock held.

Fiscal Year

A one-year period used for financial reporting and budgeting that may not align with the calendar year.

Cash Dividend

A distribution of profits by a corporation to its shareholders in the form of cash.