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The manager of Gladstone Ltd is not convinced of the scientific evidence behind climate change, and does not consider it necessary to adopt changes in the company's operations which would decrease its greenhouse gas emissions. Gladstone Ltd.'s accountant, however, has argued that if the company does not try to decrease its greenhouse gas emissions, the company's carbon footprint will begin to appear on its statement of financial position with the introduction of a carbon emissions trading scheme.
Required
1. Why will the carbon footprint be appearing on the statement of financial position?
2. Would that footprint be visible to investors? Explain its consequence.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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