ABC Corporation Has Assets That Total $24 Million and Liabilities

question 80

Multiple Choice

ABC Corporation has assets that total $24 million and liabilities that total $8 million.It also has 1,000,000 shares of stock outstanding.What is the ABC's book value per share?

• A)$32
• B)$24
• C)$16
• D)$8
• E)$0

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Definitions:

Groupthink Tendency

A psychological phenomenon where the desire for consensus within a group leads to an irrational or dysfunctional decision-making outcome.

Team Building

The activities and strategies used to enhance social relations, define roles, and improve the performance and cohesion of team members.

Formal Retreat

A strategic decision by a company to withdraw from certain markets, products, or services as a conscious business choice.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental changes.