The Following Is NOT an Indicator of Social Impact Under

question 26

Multiple Choice

The following is NOT an indicator of social impact under the Global Reporting Initiative:

• A)liquidity
• B)occupational health and safety
• C)labour/management relations
• D)None;i.e.all are indicators of socially responsible reporting.

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Definitions:

Depreciation Recapture

A tax provision that allows the IRS to collect taxes on any profitable sale of an asset that had previously benefited from tax deductions through depreciation.

Installment Method

The installment method is a tax provision that allows taxpayers to spread income recognition over the period they receive payments from the sale of certain property.

Gain Recognized

The profit realized from the sale of assets over its adjusted basis, which must be reported for tax purposes.

Like-kind Exchange Provisions

Tax regulations allowing the deferral of tax liability when business or investment properties are exchanged for similar properties.