An annual report of D. Robillard Industries states, The company and its subsidiaries have long- term leases
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An annual report of D. Robillard Industries states, "The company and its subsidiaries have long- term leases expiring on various dates after December 31, 2007. Amounts payable under such commit- ments, without reduction for related rental income, are expected to average approximately $5,711,000 annually for the next 3 years. Related rental income from certain subleases to others is estimated to average $3,094,000 annually for the next 3 years." What information is provided by this note?
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Related Book For
Intermediate Accounting 2007 FASB Update Volume 2
ISBN: 9780470128763
12th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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