Cannabusiness Group (Cannabusiness Group) Long-Term Capital Lease Obligation : $0.00 Mil (As of Dec. 2007)

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What is Cannabusiness Group Long-Term Capital Lease Obligation?

Cannabusiness Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2007 was $0.00 Mil.

Cannabusiness Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cannabusiness Group's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cannabusiness Group Long-Term Capital Lease Obligation Chart

Cannabusiness Group Annual Data

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Long-Term Capital Lease Obligation

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Cannabusiness Group Semi-Annual Data
	Dec96	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	-	-	-

Cannabusiness Group (OTCPK:CBGI) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Cannabusiness Group (Cannabusiness Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cannabusiness Group Inc (OTCPK:CBGI) » Definitions » Long-Term Capital Lease Obligation

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Address

3133 Fortune Way, Suite 15, Wellington, FL, USA, 33414

Website

http://www.musclewarfare.com

Cannabusiness Group Inc is engaged in manufacturing sports nutrition. The company offers products including Napalm, Mre, Nuke and Thermofuse.

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