On December 31, 2011 and 2012, Taft Corporation Had 100,000

question 78

Multiple Choice

On December 31, 2011 and 2012, Taft Corporation had 100,000 shares of common stock and 50,000 shares of noncumulative and nonconvertible preferred stock issued and outstanding. Additional information:

The price-earnings ratio on common stock at December 31, 2012, was

• A) 10 to 1.
• B) 12 to 1.
• C) 14 to 1.
• D) 16 to 1.

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Definitions:

Distorted Perceptions

Instances where one's understanding or interpretation of sensory information does not accurately reflect reality.

Manipulative

Characterized by the skillful handling, controlling, or influencing of others in a clever or unscrupulous way.

Identity

The distinct personality of an individual regarded as a persisting entity; one's sense of self, defined by personal, social, and sometimes cultural dimensions.

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience.