Which of the following best describes the precautionary principle? view available hint(s) which of the following best describes the precautionary principle? we should be cautious about spending money to prevent environmental degradation and should not do so unless there is full scientific certainty that it must be done. a leader should be careful about investing in infrastructure if the principle of the loan required is too high. we should be cautiously skeptical whenever we hear stories about global climate change in the news. we should reduce greenhouse gas emissions because the collapse of the greenland ice sheet is possible, but has a low likelihood of occurring.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)