An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
a.
Revenues: Amount Percent Amount Percent
Admissions 90,639$ 100,694$
Event-related revenue 136,900 146,980
NASCAR broadcasting revenue 224,227 217,469
Other operating revenue 60,390 31,320
Total revenue 512,156$ 496,463$
Expenses and other:
Direct expenses of events (102,786)$ (104,303)$
NASCAR event management fees (137,727) (133,682)
Other direct expenses (43,784) (19,541)
b.
Current Year
Prior Year
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Speedway Motorsports, Inc.
Comparative Income Statement (in thousands of dollars)
For the Years Ended December 31
Score:
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Instructions
Exercise 16-2
Name:
Section:
0%
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
a.
Revenues: Amount Percent Amount Percent
Admissions 90,639$ 17.7% 100,694$ 20.3%
b.
Exercise 16-2
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Solution
Section:
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Instructions
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ON
Overall revenue increased between the two years, with changes in the mix of revenue sources. The
For the Years Ended December 31
Speedway Motorsports, Inc.
Comparative Income Statement (in thousands of dollars)
Current Year
Prior Year