The Andale Events case facts note that Andale is required to make a $7 million...

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Accounting

The Andale Events case facts note that Andale is required to make a $7 million upfront payment to Jefferson County, and these funds will be used toward capital improvements, build-outs, and branding of the concession facilities. Research: What is the accounting for the $7 million upfront payment? How does this accounting change if this is a lease versus if the arrangement is determined to not be a lease? Do companies in this industry describe similar payments in their 10-K disclosures?

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