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Unformatted text preview: Exercise 9-2 Name: Section: Score: 0% Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. a. SPEEDWAY MOTORSPORTS, INC. Comparative Income Statement (in thousands of dollars) Year 2 Year 1 Amount Percent Amount Percent Revenues: Admissions $175,208 $177,352 Event-related revenue 183,404 168,359 NASCAR broadcasting revenue 162,715 140,956 Other operating revenue 46,038 57,401 Total revenue $567,365 $544,068 Expenses and other: Direct expense of events $95,990 $97,042 NASCAR purse and sanction fees 105,826 96,306 Other direct expenses 113,141 102,535 General and administrative 78,070 73,281 Total expenses and other $393,027 $369,164 Income from continuing operations $174,338 $174,904 b. Instructions Exercise 9-2 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds.Answers are entered in the cells with gray backgrounds....
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This note was uploaded on 11/04/2011 for the course ACC 121 taught by Professor Thomas during the Winter '08 term at Baker MI.
- Winter '08