Current restricted resources of public colleges and universities that have been received from donors for a specific purpose should be recognized Select one: O a. When the related expenditure takes place. b. When the pledge or promise is received from the donor. O c. When collected. O d. When the donor specifies. A private nonprofit college received the following pledges during fiscal year 20X7 (1) $500,000 for unrestricted purposes (2) $40,000 for student scholarships, none of which was expended in 20X7 (3) $80,000 for use in 20X8 but unrestricted as to purpose 4) $90,000 for plant asset acquisition, none of which was expended during 20X7 The amount that should be recognized as unrestricted revenue in 20X7 is Select one: O a. $580,000 O b. $630,000. C. $710,000 O d, $500,000. For the fall session of 20XT, a public government university assessed its students $2,000,000 (net of refunds), covering tuition and fees for education and general purposes. However, only $1,750,000 was expected to be realized because scholarships totaling $200,000 were granted to students, and tuition remissions of $50,000 were allowed to faculty members' children attending the university. What amount should the university include as unrestricted revenues from student tuition and fees? Select one a.$2.000,000. b. $1.750,000. C. $1,800,000 O d. $1,950,000 Assets designated for use in cancer research by the college board of trustees for a public university would be classified in which net asset category? Select one: O a. Restricted for nonexpendable purposes. b. Invested in capital assets, net of related debt O c. Restricted for expendable purposes. O d. Unrestricted