QUESTION 67 "Moore Art Association, a not-for-profit entity, received a cash gift of $10 million. The association trustees decided to use the gift to establish a permanent endowment for the association. The income from the endowment would be used to provide grants to promising sculptors and students of the history of sculpture. The association should report the gift as an increase in" Permanently restricted net assets. Temporarily restricted net assets. Unrestricted net assets Board restricted net assets QUESTION 68 A term endowment is a gift with donor specifications whereby The principal is available for expenditure after a specific period of time. The principal must be returned to the donor after a specific period of time. The income generated must be added to the principal after a specific period of time. The income generated must be expended within a specified period of time. QUESTION 69 Unrestricted revenues of a not-for-profit health care organization generally are subdivided into patient care revenue and other revenue. Which of the following revenues would NOT be considered patient care revenue? Fees for providing medical records. Charges for room and board. Charges for operating room services. Laboratory and pharmacy fees