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...

Extracted text: 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.