Routinely Transferring Employees to Different Cities Is Most Likely No

question 92

Multiple Choice

Routinely transferring employees to different cities is most likely no longer a common corporate practice because ________.

• A)relocation expenses are no longer tax deductible
• B)baby boomer employees are nearing retirement
• C)most firms allow top executives to telecommute
• D)firms realize that such moves disrupt family stability

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Definitions:

Intra-Entity Asset Transfers

Operations that include moving assets from one department to another within the same organization.

Consolidation Purposes

The process of combining financial statements from different subsidiaries or entities within an organization to present as one entity for financial reporting.

Amortization

The process of spreading out a loan into a series of fixed payments over time, decreasing the balance through payments towards the loan's principal and interest.

Depreciation Adjustment

An accounting method that allocates the cost of a tangible asset over its useful life.