On June 1, 2013, Blue Co

question 107

Multiple Choice

On June 1, 2013, Blue Co. distributed to its common stockholders 200,000 outstanding common shares of its investment in Red, Inc., an unrelated party. The carrying amount on Blue's books of Red's $1 par common stock was $2 per share. Immediately after the declaration, the market price of Red's stock was $2.50 per share. In its income statement for the year ended June 30, 2013, what amount should Blue report as gain before income taxes on disposal of the stock?

• A)$0.
• B)$100,000.
• C)$400,000.
• D)$500,000.

Understand the concept and application of cyber-vetting in the context of recruitment.

Analyze the implications of requiring or restricting the use of social media by employees.

Recognize the innovations in targeting potential job candidates before they actively enter the job market.

Understand how social media can be employed by organizations to communicate with employees and the public in crisis situations.

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Definitions:

Rohypnol

A potent sedative drug that is part of the benzodiazepine class, often associated with instances of drug-facilitated sexual assault.

Ketamine

A powerful medication primarily used for anesthesia but also studied for its effects on treating depression.

Anesthetic

A substance that causes loss of sensation or consciousness, used to prevent pain during surgeries and medical procedures.

Hallucinogenic

Substances that cause hallucinations - perceptions of objects, sounds, or sensations that seem real but are not.