The Following Information Relates to Woolf Unlimited for the Past

question 40

Multiple Choice

The following information relates to Woolf Unlimited for the past two years. What is the book value per share of common stock for the current year?

• A)$38.80
• B)$96.00
• C)$69.20
• D)$13.00

---

Definitions:

Permanent Endowment

A donation of money or property to a nonprofit organization, which uses the resulting investment income for a specific purpose.

Fundraising Activities

Efforts undertaken by an organization to generate voluntary financial contributions from individuals, businesses, charitable foundations, or governmental agencies.

Conditional Contribution

A donation made with specified terms that must be met for the contribution to be retained by the recipient.

FASB

The Financial Accounting Standards Board (FASB) is an independent organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.