Description
Use the Internet to research companies who have potential (1) pollution problems, (2) environmental-disposal problems, or (3) demolition issues (specifically big-box stores). Next, analyze the current requirements of GAAP for your chosen issue and discuss the efficacy of the required accounting and/or disclosure in informing investors of material information. Provide support for the status quo or additional reporting.
Explanation & Answer
Attached.
Running Head: COMPANIES WITH POTENTIAL ENVIRONMENTAL PROBLEMS
Companies with Potential Environmental Problems
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COMPANIES WITH POTENTIAL ENVIRONMENTAL PROBLEMS
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Companies with Potential Environmental Problems
In 2005, the state of California instigated a probe into Wal-Mart stores. Wal-Mart was
accused of improper disposal of paint, fertilizers, aerosols, pesticides and other harmful chemicals.
The chain of Stores eventually agreed to part with $27.6 million as settlement of the allegations
implying it mishandled and dumped dangerous waste across the state. The lawsuit that ensued led
to changes in the retailer's practices nationwide. As a result, A...
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