1. Identify whether each of the following items represents a capital or non-capital expenditure. The Macon Braves provided an initial lease payment of $5,000.00 on a new team van. The Halenbeck Beavers provided an outlay of $17,000.00 for concession products. The South Dakato Jack Rabbits had an outlay of $75,000.00 for improvement to Granger Stadium. South Folk State spent $50,000.00 on salaries for its athletic facility staff. The Pittsboro State Viking incurred an expenditure of $2,000,000.00 on a new softball facility. The Parkview Road Runners provided an outlay of $20,000.00 for research and development. The St. James Pelicans spent $20,000.00 on a new ticket system. Cottage Grove State spent $100,000.00 on new locker rooms for its football stadium. The Red Mountain Cardinals showed $575.00 expenditure for office supplies. The Crowne River Adventurers paid $240,000.00 for a new training facility.
1. Identify whether each of the following items represents a capital or non-capital expenditure. The Macon Braves provided an initial lease payment of $5,000.00 on a new team van. The Halenbeck Beavers provided an outlay of $17,000.00 for concession products. The South Dakato Jack Rabbits had an outlay of $75,000.00 for improvement to Granger Stadium. South Folk State spent $50,000.00 on salaries for its athletic facility staff. The Pittsboro State Viking incurred an expenditure of $2,000,000.00 on a new softball facility. The Parkview Road Runners provided an outlay of $20,000.00 for research and development. The St. James Pelicans spent $20,000.00 on a new ticket system. Cottage Grove State spent $100,000.00 on new locker rooms for its football stadium. The Red Mountain Cardinals showed $575.00 expenditure for office supplies. The Crowne River Adventurers paid $240,000.00 for a new training facility.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Identify whether each of the following items represents a capital or non-capital expenditure.
The Macon Braves provided an initial lease payment of $5,000.00 on a new team van.
The Halenbeck Beavers provided an outlay of $17,000.00 for concession products.
The South Dakato Jack Rabbits had an outlay of $75,000.00 for improvement to Granger Stadium.
South Folk State spent $50,000.00 on salaries for its athletic facility staff.
The Pittsboro State Viking incurred an expenditure of $2,000,000.00 on a new softball facility.
The Parkview Road Runners provided an outlay of $20,000.00 for research and development.
The St. James Pelicans spent $20,000.00 on a new ticket system.
Cottage Grove State spent $100,000.00 on new locker rooms for its football stadium.
The Red Mountain Cardinals showed $575.00 expenditure for office supplies.
The Crowne River Adventurers paid $240,000.00 for a new training facility.
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