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Concept Introduction:
Triple bottom line: A triple bottom line is an accounting framework that incorporates three dimensions of performance: social, environmental and financial. These dimensions are known as people, planet and profits.
The people planet and profits can be defined as –
1. People: when social factors are involved in the dimensions of the performance, that dimension is referred as “People”.
2. Planet: when environmental factors are involved in the dimensions of the performance, that dimension is referred as “Planet”.
3. Profits: when financial factors are involved in the dimensions of the performance, that dimension is referred as “Profits”.
To indicate:
The given items as people, planet or profits.
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Chapter 18 Solutions
Connect Access Card for Fundamental Accounting Principles
- At the beginning of the recent period there were 1,080 units of product in a department, one-third completed. These units were finished and an additional 5,620 units were started and completed during the period. 960 units were still in process at the end of the period. One-fourth completed. Using the weighted-average valuation method the equivalent units produced by the department were____Units. Right Answerarrow_forwardWhat is total gross income for the year?arrow_forwardexpert of general accounting answerarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
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