As discussed in the chapter, there are at least six categories of costs (monetary information) associated with

Question:

As discussed in the chapter, there are at least six categories of costs (monetary information) associated with sustainability efforts. In the table to follow, identify the proper sustainability cost category for each of the costs listed.

Cost

Cost to develop ways to reduce greenhouse gases (GHGs) from products and processes

Cost of air- monitoring equipment to ensure that scrubbers are functioning properly (scrubbers are air- pollution control equipment)

Cost of water used to cool extruded products in a manufacturing plant

Cost to the company’s image and goodwill resulting from a large chemical spill

Cost of installing scrubbers to control air pollution at an electricity- generation plant

Cost of canvas used in producing tote bags

Sustainability cost category

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...