Question: Presented in Illustration 21-31 are the financial statement disclosures from the January 31, 2012, annual report of Wal-Mart Stores, Inc. Instructions Answer the following questions

Presented in Illustration 21-31 are the financial statement disclosures from the January 31, 2012, annual report of Wal-Mart Stores, Inc.

Instructions
Answer the following questions related to these disclosures.
(a) What is the total obligation under capital leases at January 31, 2012, for Wal-Mart?
(b) What is the total rental expense reported for leasing activity for the year ended January 31, 2012, for Wal-Mart?
(c) Estimate the off-balance-sheet liability due to Wal-Mart’s operating leases at January 31, 2012.

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