80. Gridiron University is a private university. A successful alumnus has recently donated $1,000,000 to Gridiron for the purpose of funding a "center for the study of sports ethics." This donation is condi- tional upon the university raising matching funds within the next 12 months. The university administra- tors estimate that they have 50% chance of raising the additional money. How should this donation be ac- counted for? a. As a temporarily restricted support. b. As unrestricted support. c. As a refundable advance. d. As a memorandum entry reported in the footnotes. 81. During the current fiscal year, Foxx, a nongov- ernmental not-for-profit organization, received unre- stricted pledges of $300,000. Of the pledged amount, $200,000 was designated by donors for use during the current year, and $100,000 was designated for next year. Five percent of the pledges are expected to be uncollectible. What amount should Foxx report as restricted support (contributions) in the statement of activities for the current year? a. $200,000 b. $190,000 c. $100,000 d. $95,000 82. How should a nongovernmental not-for-profit organization report depreciation expense in its state- ment of activities? a. It should not be included. b. It should be included as a decrease in unrestricted net assets. c. It should be included as an increase in temporarily restricted net assets. d. It should be reclassified from unrestricted net as- sets to temporarily restricted net assets, depending on donor-imposed restrictions on the assets. 83. Arkin Corp. is a nongovernmental not-for-profit organization involved in research. Arkin's statement of functional expenses should classify which of the following as support services? a. Salaries of staff researchers involved in research. b. Salaries of fundraisers for funds used in research. c. Costs of equipment involved in research. d. Costs of laboratory supplies used in research