An annual report of Chignecto Industries states: The Company and its subsidiaries have long-term leases expiring on

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An annual report of Chignecto Industries states: "The Company and its subsidiaries have long-term leases expiring on various dates after December 31, 2014. Amounts payable under such commitments, without reduction for related rental income are expected to average approximately $5,711,000 annually for the next three years. Related rental income from certain subleases to others is estimated to average $3,094,000 annually for the next three years." What information is provided by this note?
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Intermediate Accounting

ISBN: 978-1118300855

10th Canadian Edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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