Which of the following statements is true of drug testing?
A. There are no laws prohibiting employers from inquiring about an employee's use of prescription drugs.
B. Drug testing tends to provide a productivity benefit for companies.
C. Drug testing allows employees to control their environment.
D. There are no legal issues relating to monitoring employees through drug testing.
Answer: B
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The following are individual factors that might influence a member of the buying center, except:
A) personality features B) roles and perceived roles C) levels of cognitive involvement D) capital assets a firm has available
Evaluation of company performance does not include analysis of (1) past and current performance, (2) current financial position, and (3) future performance and risk.
Answer the following statement true (T) or false (F)
The purpose of requiring the filing of fictitious business names is to allow the public to know the
true owner of businesses operating under fictitious names. Indicate whether the statement is true or false
On January 1, 2020, John Doe Enterprises (JDE) acquired a 55% interest in Bubba Manufacturing, Inc. (BMI). JDE paid for the transaction with $3 million cash and 500,000 shares of JDE common stock (par value $1.00 per share). At the time of the acquisition, BMI's book value was $16,970,000.On January 1, JDE stock had a market value of $14.90 per share and there was no control premium in this transaction. Any consideration transferred over book value is assigned to goodwill. BMI had the following balances on January 1, 2020. Book Value Fair ValueLand$1,700,000 $2,550,000 Buildings (seven-year remaining life) 2,700,000 3,400,000 Equipment (five-year remaining life) 3,700,000 3,300,000 ??For internal reporting purposes, JDE employed the equity method to account for
this investment. ?The following account balances are for the year ending December 31, 2020 for both companies.? John Doe Enterprises Bubba ManufacturingRevenues$(298,000,000) $(103,750,000)Expenses 271,000,000 95,800,000 Equity in income of Bubba Manufacturing (4,361,500) 0 Net income$(31,361,500) $(7,950,000)Retained earnings, January 1, 2020$(2,500,000) $(100,000)Net income (above) (31,361,500) (7,950,000)Dividends paid 5,000,000) 3,000,000)Retained earnings, December 31, 2020$(28,861,500) $(5,050,000)Current assets$30,500,000 $20,800,000 Investment in Bubba Manufacturing 13,161,500 0 Land 1,500,000 1,700,000 Buildings 5,600,000 2,360,000 Equipment (net) 3,100,000 2,960,000 Total assets$53,861,500 $27,820,000 Accounts payable$(3,100,000) $(4,900,000)Notes payable 0 (1,000,000)Common stock (2,900,000) (6,000,000)Additional paid-in capital (19,000,000) (10,870,000)Retained earnings, December 31, 2020 (above) (28,861,500) (5,050,000)Total liabilities and stockholders' equity$(53,861,500) $(27,820,000)?Required:?Prepare a consolidation worksheet for this business combination. Assume goodwill has been reviewed and there is no goodwill impairment. What will be an ideal response?