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The direct write-off approach for dealing with uncollectible accounts is not generally allowed under GAAP because:

User Busylee
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Final answer:

An emissions tax on a quantity of emissions from a firm is not a command-and-control approach to reducing pollution. It incentivizes firms to reduce their emissions by imposing a tax on each unit of pollution produced, providing flexibility and encouraging innovation in pollution reduction technologies and practices.

Step-by-step explanation:

An emissions tax on a quantity of emissions from a firm is not a command-and-control approach to reducing pollution because it does not dictate specific actions or methods for reducing pollution. Instead, it provides a financial incentive for firms to reduce their emissions by imposing a tax on each unit of pollution produced.

This approach allows firms to choose their own methods and technologies for reducing emissions, giving them flexibility to find the most cost-effective solutions. It also encourages innovation in pollution reduction technologies and practices.

By implementing an emissions tax, the government aims to internalize the environmental costs of pollution and create a market-based solution to address the negative externalities associated with pollution.

User Brillenheini
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