Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 4 Green Algse Co has been directing its waste to wetlands near its factory A team of Wildlife Warriors has discovered that this behaviour

image text in transcribed
QUESTION 4 Green Algse Co has been directing its waste to wetlands near its factory A team of Wildlife Warriors has discovered that this behaviour has been killing offendangered turtles and has approached the State Government to legislate against further waste dumping by companies in the area and to legislate that each company contribute to the rehabilitation of the water equating to the number of years their waste was being dumoed in the wedlands This legislation and annual penalty amounts are yet to be passed however it has already been drafted and has received considerable favourable media attention. There are no indications the legislation will not be enacted. Required answer all parts of the question (a) How would the above scenario be accounted for under MAS 1372 (1 mark) (b) Discuss the impact your answer in a may have on Green Algae Co's decisions around corporate social responsibility (CSR) 13 marks QUESTION 4 Green Algse Co has been directing its waste to wetlands near its factory A team of Wildlife Warriors has discovered that this behaviour has been killing offendangered turtles and has approached the State Government to legislate against further waste dumping by companies in the area and to legislate that each company contribute to the rehabilitation of the water equating to the number of years their waste was being dumoed in the wedlands This legislation and annual penalty amounts are yet to be passed however it has already been drafted and has received considerable favourable media attention. There are no indications the legislation will not be enacted. Required answer all parts of the question (a) How would the above scenario be accounted for under MAS 1372 (1 mark) (b) Discuss the impact your answer in a may have on Green Algae Co's decisions around corporate social responsibility (CSR) 13 marks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The ASQ Auditing Handbook

Authors: J. P. Russell

3rd Edition

0873896661, 978-0873896665

More Books

Students also viewed these Accounting questions