A donor gave 200,000 shares of stock to a public government university to endow two scholarships for outstanding students enrolled in the school's business school. Dividend income on these shares is to be used to fund the scholarships and the original principal represented by the shares must be maintained intact according to the terms of the endowment by the donor. The dividend income on the shares should be reported in which net asset category? Select one: 0 a. Unrestricted b. Invested in capital assets, net of related debt. 0 c. Restricted for expendable purposes. O d. Restricted for nonexpendable purposes. A public government university, has invested $1,000,000 in securities which were originally unrestricted when received five years ago but were designated by the governing board to be held in trust and not expended. The income is to be used for unrestricted purposes. Where would the $1,000,000 in investments be reflected in the statement of net position of the university? Select one: O a. Invested in capital assets, net of related debt b. Unrestricted c. Restricted for expendable purposes. O d.Restricted for nonexpendable purposes. Under the provisions of FASB Statement No. 124, private nonprofit colleges should report investments in equity securities with determinable fair market values and investments in debt securities at Select one: O a. Fair market value. b. Historical cost. C. Net realizable value. O d. Lower of cost or market. Which of the following is not true for Select one: O a. Conditional promises to give should be recorded as revenue in the period in which the conditional promise is given accounting for private colleges and universities? b. Three classes of net assets should be used: unrestricted, temporarily restricted O c.Permanently restricted resources would include endowments and plant and museum collections that are intended to be maintained permanently O d. Temporarily restricted resources would include contributions restricted for time, plant, and other specific purposes