Acme Widget, Inc

question 23

Multiple Choice

Acme Widget, Inc. has 1,000 shareholders who own a total of one million shares of its common stock. The company earned $10 million after taxes and paid out $4 million in dividends. The firm has assets of $125 million and liabilities of $25 million. What is the book value per share?

• A) $4
• B) $125
• C) $10
• D) $100
• E) $25

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Definitions:

Superego

A component of Freud's psychoanalytic theory representing the moral conscience and ideals acquired from society and parents.

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Pleasure Principle

A concept in psychoanalytic theory referring to the drive to seek immediate gratification of needs and desires, avoiding pain or discomfort.

Psychoanalytic

Pertaining to the theory and therapy developed by Sigmund Freud, which focuses on unconscious motivations and conflicts as drivers of human behavior.