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1. Cabelas Corp. disclosed the following lease information in its 2013 10-K (in millions). What lease liability does Cabelas report on its balance sheet? Capital

1. Cabelas Corp. disclosed the following lease information in its 2013 10-K (in millions). What lease liability does Cabelas report on its balance sheet?

Capital Leases

Operating Leases

2014

$ 1,000

$ 16,035

2015

1,000

20,956

2016

1,000

20,489

2017

1,000

20,098

2018

1,000

26,516

Thereafter

17,500

269,619

Total

22,500

$373,713

Amount representing interest

(10,081)

Net present value of leases

$ 12,419

a. $22,500

b. $12,419

c. $373,713

d. $10,081

None of the above

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